Dr. Farhat, words cannot express my gratitude! I need to try your course!

@AccountingLectures

9 ай бұрын

Please do! Thank you and please visit the website for more farhatlectures.com/

Dr. Farhat, I deeply thank you for this videos you cannot imagine how far it's useful for me. would you please clarify how did you calculate billing of construction?

Clear and concise. Nicely done!

@AccountingLectures

3 ай бұрын

Thank you and please visit the website for more farhatlectures.com/ Start your free trial!

This was really helpful. Thank you so much Dr. Farhat Sir

@AccountingLectures

Жыл бұрын

Thank you and please visit the website for more farhatlectures.com/

This video is a life saver!

@AccountingLectures

2 жыл бұрын

Most welcome . Please take a look at my website for more resources: farhatlectures.com/

Thank you so much. I pretty appreciate your lecture. It's do much better tag Tim Gearty

@AccountingLectures

3 ай бұрын

Thank you and please visit the website for more farhatlectures.com/ Start your free trial!

Thank you!

Life saver 💌

@AccountingLectures

2 ай бұрын

Thank you and please visit the website for more farhatlectures.com/ Start your free trial!

Hello, very nice to know the accounting method to do POC. Most businesses I've worked in don't bother to maintain construction in progress a/c separately. The revenue billing is considered the POC and cost taken to COGS is determined by the same % or that forms the basis for the revenue % billing. May I know the few companies that actually do practice this method for personal knowledge.

@mugandaje

11 ай бұрын

This is GAAP, so any company that’s publicly traded (issues stock) must use this method

Great, man, thanks!

@AccountingLectures

8 ай бұрын

No worries! Thank you and please visit the website for more farhatlectures.com/ Start your free trial!

What if actual costs ended up less than total estimated costs?

Thx Dr Farhat

@AccountingLectures

2 жыл бұрын

Most welcome. Please connect with me: linktr.ee/farhatlectures

How to calculate progress billing during the year and cash collected during the year? thank you

Excuse me CIP in third year is 800K not 1000 K ..it represent the cost incurred

For the balance sheet part, according to the becker, CIP = cost + estimated earning, why do we not add earning of 66,667 for first year and cost of $200,000 for CIP in the question?

@olivia6560

2 жыл бұрын

Thank you so much for your video. It's helpful

@claire1388

Жыл бұрын

the 66,667 profit is included in the income statement entry.

Could you elaborate on how you got 1M for CIP? If I'm not mistaken, I thought it'd be 800k

you are so faster Sir please reduce The speed

@roseb.5367

3 ай бұрын

👏🏾👏🏾👏🏾👏🏾 thank you