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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