Learn the differences between the percentage of completion and completed contract methods. Discover how each impacts revenue ...

The percent of revenue or completion method is a business accounting practice that allows a company to record costs and profits as the company works to complete a given contract. This system works ...

Revenues on long-term construction contracts are exceptions to the general rule that revenues should be recorded once earned, meaning that these revenues can be recorded throughout the time periods of ...

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Andrew Bloomenthal has 20+ years of editorial experience as a financial journalist and as a financial services marketing writer. Khadija Khartit is a strategy, investment, and funding expert, and an ...

Oil and gas companies drilling in the Niobrara shale formation in and around Weld County have been using the technologies of horizontal drilling and hydraulic fracturing with great success the past ...

Certain construction contractors may be eligible to use the cash or completed-contract method of accounting for regular income tax. However, these taxpayers may also be liable for alternative minimum ...

Accurate prediction of bottomhole circulating temperature is important during drilling and completion of oil and gas wells and critical for properly designed cement slurries. Downhole temperature is ...