Dr. Farhat, words cannot express my gratitude! I need to try your course!
@AccountingLectures11 ай бұрын
Please do! Thank you and please visit the website for more farhatlectures.com/
@mohamedizzel-deen6202 жыл бұрын
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?
@junyoungchoi76384 ай бұрын
What if actual costs ended up less than total estimated costs?
@NikithaCV Жыл бұрын
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/
@minima81902 жыл бұрын
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 Жыл бұрын
This is GAAP, so any company that’s publicly traded (issues stock) must use this method
@andrejreed88024 ай бұрын
Clear and concise. Nicely done!
@AccountingLectures4 ай бұрын
Thank you and please visit the website for more farhatlectures.com/ Start your free trial!
@alicezhang22922 жыл бұрын
This video is a life saver!
@AccountingLectures2 жыл бұрын
Most welcome . Please take a look at my website for more resources: farhatlectures.com/
@malbitar73Ай бұрын
Excuse me CIP in third year is 800K not 1000 K ..it represent the cost incurred
@olivia65602 жыл бұрын
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?
@olivia65602 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.
@user-ww8cj7nx2f7 ай бұрын
How to calculate progress billing during the year and cash collected during the year? thank you
@HongChuyen-dk2xi4 ай бұрын
Thank you so much. I pretty appreciate your lecture. It's do much better tag Tim Gearty
@AccountingLectures4 ай бұрын
Thank you and please visit the website for more farhatlectures.com/ Start your free trial!
@abubakrothman52352 жыл бұрын
Thx Dr Farhat
@AccountingLectures2 жыл бұрын
Most welcome. Please connect with me: linktr.ee/farhatlectures
@user-jd7ln1oj6m9 ай бұрын
Great, man, thanks!
@AccountingLectures9 ай бұрын
No worries! Thank you and please visit the website for more farhatlectures.com/ Start your free trial!
@user-ly9ip7dn9g3 ай бұрын
Life saver 💌
@AccountingLectures3 ай бұрын
Thank you and please visit the website for more farhatlectures.com/ Start your free trial!
@tasnimultarek73455 ай бұрын
Could you elaborate on how you got 1M for CIP? If I'm not mistaken, I thought it'd be 800k