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What general rule of revenue recognition does percentage of completion violate?
For a short answer, it doesn't violate any general rules. Under International Financial Reporting Standards (IAS 18) revenue from services must always be recognised in this way. Revenue from construction contracts is also recognised in this manner in certain circumstances. The rules in the USA and other jurisdictions may be different. General rules get taught differently by different teachers and no doubt vary geographically and over time. An introductory lesson may have a general rule that income has to be recognised only when the job is done, i.e. completed, but corporate reporting needs more sophisticated treatments. The method of recognizing revenue under the percentage complete method fulfills two of the basic principles of GAAP. Revenue Recognition: Which requires that revenue be booked as revenue when the revenue has been earned regardless of the timing of invoicing or cash receipts. Matching: Which requires that Revenues and their related Costs be recognized in the same accounting period. Regardless of timing of invoicing or of cash receipts. The percent complete methods helps to determine the relationship between revenues and costs that is required by the matching principle.
A growth disorder in cells that starts when an apparently normal cell begins to grow in an uncontrolled and invasive way is called?
Cancer is a growth disorder in cells that starts when an apparently normal cell begins to grow in an uncontrolled and invasive way.
What is the way to say human in a scientific way?
The term is homo sapiens.
How did Delton describe the relationship between atoms and elements?
Dalton believed that there was a different atom for each element that there was, and that these atoms made up the elements that were in existence. He did not say exactly how these atoms were different, just that they were different. Dalton also believed that all of the atoms for a given element were exactly alike in every way.
What are the different types of forest ecosystems?
tiktikon ka ahahahahahah si bolta
Why did Parliament keep trying different ways of raising revenue?
The reason that Parliament keeps trying different ways of raising revenue it;s because Britain owed massive debts from the French and Indian War. So if they wanted to pay off these debts, Britain needed more revenue, or income. So they find a way to "earn" money its to raise taxes for the colonies. another way to say it's to let the colonies pay for them.
Is this the correct way to say His shirt is different than mine?
The correct way is, "His shirt is different frommine"
When you say something do you say different from yours or different than yours?
The correct way is, "different from yours".
What are different way's to say Cassidy?
One way to say it would be in Irish Ó Caiside.
What is a different way to say 4.20?
Another way to say 4.20 is "four twenty."
Different way to say come in?
Welcome
How do you say did in a different way?
One alternative way to say "did" is to use the word "performed" or "executed" depending on the context.
A different way to say looked up to?
admired
Who to say alfredo a different way?
It is spelled Freddie.
How do you say big in a different way?
Grand or huge
How do you say Thanksgiving in different way?
thanks, blessing
How do you say scary a different way?
Terror Creepy
