Question
There are multiple methods of revenue recognition, including percentage of completion method and installment method. Say, the company is engaged in 2 long-term projects, and
There are multiple methods of revenue recognition, including percentage of completion method and installment method.
Say, the company is engaged in 2 long-term projects, and it uses percentage of completion method for first project, and installment method for the second one. Is a single company allowed to use different revenue recognition methods? Or does the method have to be consistent (choose one method)?
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Foundations Of Finance
Authors: Arthur J Keown, John D Martin, J William Petty
7th Edition
0133370356, 9780133370355
