Project Revenue
Code: 4131
👁 Views: 86
Account Information
| Financial Statement | Income Statement |
| Normal Balance | Credit |
Definition
Revenue from construction and contracting contracts, recognized based on percentage of completion or upon contract completion.
📐 IFRS vs US GAAP Accounting Treatment
IFRS
IFRS 15
Revenue from Contracts with Customers
US GAAP
ASC 606
Revenue from Contracts with Customers
❓ Frequently Asked Questions
Q: What is project revenue?
A: Revenue from construction and contracting contracts, recognized based on percentage of completion or upon contract completion.