Investopedia

Percentage of Completion vs. Completed Contract: Key Accounting Differences

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Khadija Khartit is a strategy, investment, ...
Houston Chronicle

Allocation of Indirect Costs Using the PCM Method of Accounting

Revenues on long-term construction contracts are exceptions to the general rule that revenues should be recorded once earned, meaning that these revenues can be recorded throughout the time periods of ...
Houston Chronicle

The Percent of the Revenue Method in Accounting

The percent of revenue or completion method is a business accounting practice that allows a company to record costs and profits as the company works to complete a given contract. This system works ...
Zawya

A reality check: If you are constructing one or more buildings every year, why should you insist on percentage-of-completion method for revenue and profit recognition?

09 December 2007 The Business Weekly got an opportunity to talk to Dr Barry Jay Epstein (Ph.D and CPA), partner Russell Noval & Company, Chicago. TBW was able to discuss with Dr Barry a few hot issues ...
For Construction Pros

New Revenue-Recognition Standards Changed Some Intersections on Contractors’ Tax Journey

After establishing new standards for revenue recognition in accounting for construction companies, the bottom line is this: The new standards and processes they engender may yield results similar to ...