Posted on October 10th, 2019 in Construction, General Business, Healthcare & Other Professionals

Percentage of Completion Accounting Method – Best Practices

A maze withe a red arrow showing the way through

Many industries and firms use the Percentage of Completion (POC) method of accounting for revenue recognition.

However due to a number of variables affecting such calculations, a long-term projects’ estimated profitability prior to completion and the completion of a valuation during company sale, can be particularly challenging when accounting for revenue.

As a part of the RSM Alliance, we are happy to share an article that addresses this particular issue.

This is the first article in a two-part series on POC.

Article from RSM Canada referenced with permission as a member of RSM Canada Alliance.