Most businesses record sales at the point of a product or service's delivery, but construction contractors dealing with long-term construction projects may recognize portions of a project's revenue ...

After establishing new standards for revenue recognition in accounting for construction companies, the bottom line is this: The new standards and processes they engender may yield results similar to ...

...critics say getting management and other staff to adopt the new performance obligation method is unlikely. As a result, a company could be forced to keep multiple sets of books. “Percentage of ...