Percentage of Completion Method: Losses Scenarios
Рет қаралды 7,865
In this session, I discuss percentage of completion method: losses scenarios.
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@OS-xx6nq 10 ай бұрын
This video has almost 5,000 views and only 57 likes. Be grateful and hit the Like button to show your appreciation for the great job done explaining the POC concept.
@elizabethhugeback-braddock1647 Жыл бұрын
This is so helpful! Thank you for helping understand how to adjust the costs for the year where the loss occurred!
@AccountingLectures Жыл бұрын
Glad it was helpful! Thank You. For more, visit my website at: www.farhatlectures.com
@nivasgowda6105 2 жыл бұрын
Hi Farhat, Thanks for your Amazing videos, Just had one doubt with respect to the 3rd scenario here, what if the cost incurred for the 3rd year was 183,000 instaed of 181,000. ? How do we recognise the additional 2000 expense
@crocodilly Ай бұрын
Hi, is this method of recognising onerous contracts still applicable under the current IFRS15 and ias37 climate? thanks!
@AjaySingh-nh1yk 2 жыл бұрын
Hi Farhat. It's really wonderful. Just small clarification. In 2nd year total estimated cost should be 450 plus 181 I.e 631ke whereas you have considered 490 plus 181. Why.
@michaeljeter502 8 ай бұрын
Can I amend my client's business return for prior years to reflect this method as the previous accountant filed a straight cash = revenue method?
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