Principles of Financial Accounting · 免费预览
长期项目的收入确认
长期合同采用时段法或时点法：时段法随着履约进度向控制权转移推进而确认收入；当控制权仅在合同完成时转移的，采用时点法。这一选择会改变每个报告期的利润表和资产负债表。
1. When projects span years
When projects span years
2. Over-time recognition with cost-to-cost progress
Over-time recognition with cost-to-cost progress
3. Point-in-time alternative and contract balances
Point-in-time alternative and contract balances
4. Estimation risk
Estimation risk
5. Over-time condition
When must revenue on a long-term contract be recognized over time rather than at completion?
6. Cost-to-cost progress
A contract is priced at 5,000,000 dollars. Estimated total cost is 4,000,000 dollars and cost incurred to date is 1,000,000 dollars. Using cost-to-cost progress, how much revenue is recognized to date?
7. Contract asset meaning
On a long-term project, cumulative recognized revenue of 2,600,000 dollars exceeds billings of 2,000,000 dollars. What does the 600,000 dollar difference represent on the balance sheet?
8. Why billing does not drive revenue
Why does percentage-of-completion accounting measure progress with costs rather than with billings?
9. Progress percentage
Cost incurred is 1,000,000 dollars against estimated total cost of 4,000,000 dollars. Compute the percentage of completion as a whole number.
10. Contract asset balance
Recognized revenue to date is 2,600,000 dollars and billings to date are 2,000,000 dollars. Compute the contract asset in dollars, number only.