【Updated blog useful for estimation work!】 "What is the construction progress standard? Explaining the differences, advantages, and disadvantages compared to the construction completion standard." We provide fundamental knowledge and tips for estimation work!
アークシステム 本社
Thank you for your continued support. This is a notice from Arc System. We have updated the "Seki-san's Helpful Blog," where we post useful knowledge for those involved in construction cost estimation! This time, the theme is about the "Percentage-of-Completion Method." Regarding construction revenue, accounting standards such as the percentage-of-completion method, completed-contract method, and percentage-of-completion for partial completion are used. The choice of which standard to use varies depending on the scale and conditions of the project, and the reported profits and tax amounts can change significantly based on the standard applied. Therefore, these standards can be said to have a substantial impact on company management. So, what exactly is the percentage-of-completion method? In this post, we will clearly explain the overview, advantages, disadvantages, and accounting treatment of the percentage-of-completion method. <Content of the post> What is the percentage-of-completion method? Explanation of the differences, advantages, and disadvantages compared to the completed-contract method. - What is the percentage-of-completion method? - Advantages and disadvantages of the percentage-of-completion method - Accounting treatment of the percentage-of-completion method - The percentage-of-completion method is the principle accounting method! Effective in preventing losses. You can view it from the link below. Please take a look!
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