Abstract
An international survey published in 1968 (International Study Group) found that many construction companies in UK, USA, and Canada, were accounting for partial profits prior to completing a contract, although some preferred to wait until the contract was completed. SSAP 9 established a ‘percentage of completion’ method as standard practice in UK from 1975.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Rights and permissions
Copyright information
© 1991 R. Dodge
About this chapter
Cite this chapter
Dodge, R. (1991). Stocks and work in progress — long-term contracts. In: The Concise Guide to Accounting Standards. Springer, Boston, MA. https://doi.org/10.1007/978-1-4899-7096-1_9
Download citation
DOI: https://doi.org/10.1007/978-1-4899-7096-1_9
Publisher Name: Springer, Boston, MA
Print ISBN: 978-0-412-39610-6
Online ISBN: 978-1-4899-7096-1
eBook Packages: Springer Book Archive