Revenues on long-term construction contracts are exceptions to the general rule that revenues should be recorded once earned, meaning that these revenues can be recorded throughout the time periods of ...

The percentage of completion method requires the taxpayer to include the portion of the total contract price that corresponds to the percentage of the entire contract that has been completed during ...

YIT Corporation Stock Exchange Release March 6, 2026, at 8:30 a.m. YIT adopts percentage of completion revenue recognition method in segment reporting and publishes comparison financial information ...

Editor’s Note: The 2017 tax reform legislation expands the exception for small long-term construction contracts from the requirement to use the percentage-of-completion method. See heading in Q 9057.

After establishing new standards for revenue recognition in accounting for construction companies, the bottom line is this: The new standards and processes they engender may yield results similar to ...