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When comparing the percentage of completion and completed contract method of accounting for long term construction contract both methods will report the same?
Wiki User
∙ 15y ago
yes they will
Wiki User
∙ 15y ago
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What are advantages and disadvantages of having a uniform accounting standard globally?
One of the advantages of having a uniform accounting standard is knowing that you are comparing apples to apples if you were comparing two companies results. For example, if you were comparing a US company that used US GAAP and a company in India which used different accounting standards, you could not be sure that any comparisons would be based on the same methodology. With a uniform accounting standard, all companies would be required to value/measure and report their results the same way, therefore you could do a better comparison between the two companies.
List some accounting analytical duties?
Comparing expenses to budget. Comparing expenses to prior periods. Explaining significant increases or decreases to income and expense accounts. Comparing product profit margins amongst the company's various product line.
What is the percentage of visible light?
As compared to what? In what situation? - It isn't very clear what you are comparing.
What is the principal means of comparing credit cards?
Annual Percentage Rate (APR)
Accounting is political in nature analyze this statement by comparing public interest theory and private interest theory?
private n public..
Is food cheap in New York?
This depends where you are comparing it to and the percentage of your income it takes to buy an item.
What is 4.2 g as a percentage?
You get a percentage usually by comparing two numbers against each other. One number compared to itself is always 100%
What is the difficulty in comparing the percentage of people living in urban areas in different countries?
One difficulty is varying definitions of urban areas across countries, making comparisons less accurate. Additionally, differences in data collection methods and accuracy can affect the reliability of comparisons. Finally, cultural and socioeconomic factors can influence people's perceptions of what constitutes an urban area, further complicating comparisons.
What is the best accounting software for professionals?
Here is a site that I found that is very helpful: http://tax-software-review.toptenreviews.com/. It has a chart comparing prices and features of ten tax software.
Where can one find information on account reconciliation?
Account reconciliation is the comparing of transactions that you have recorded against the a statement from the bank. To find out more about how to do this one could visit the Accounting Coach website.
What is the percentage of the conductors of heat and electricity?
When you talk about percentages, you are comparing one thing to another. It is not clear, in the question, what exactly you want to compare with what.
What is the size ratio of heart to body comparing baby to adult?
percentage wise an infants heart is larger at birth than that of an adult.
