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2. Percentage-of-completion method - Wikipedia

   en.wikipedia.org/wiki/Percentage-of-Completion...

   Revenues and gross profit are recognized each period based on the construction progress, in other words, the percentage of completion. Construction costs plus gross profit earned to date are accumulated in an asset account (construction in process, also called construction in progress), and progress billings are accumulated in a liability account (billing on construction in process).

3. Completed-contract method - Wikipedia

   en.wikipedia.org/wiki/Completed-contract_method

   The Completed-contract method is an accounting method of work-in-progress evaluation, for recording long-term contracts. GAAP allows another method of revenue recognition for long-term construction contracts, the percentage-of-completion method. With this method, revenue is recognized when the contract is fulfilled.

4. Construction accounting - Wikipedia

   en.wikipedia.org/wiki/Construction_accounting

   The construction field uses many terms not used in other forms of accounting, such as "draw" and progress billing. [1] Construction accounting may also need to account for vehicles and equipment, which may or may not be owned by the company as a fixed asset .

5. Lump sum contract - Wikipedia

   en.wikipedia.org/wiki/Lump_sum_contract

   A Contractor under a lump sum agreement will be responsible for the proper job execution and will provide its own means and methods to complete the work. [6] With a lump sum contract or fixed-price contract, the contractor assesses the value of work as per the documents available, primarily the specifications and the drawings. At pre-tender ...

6. Construction in progress - Wikipedia

   en.wikipedia.org/wiki/Construction_in_Progress

   While costs are added to the construction in progress, related CIP account is debited with corresponding credits to accounts payable, accrued expenses, inventory, cash, and others. When the construction in progress is completed, related long-term asset account is debited and CIP account is credited. [1]

7. Dog Trainer Shares 2 Simple Hacks to Get Pups to Stop ... - AOL

   www.aol.com/lifestyle/dog-trainer-shares-2...

   This is great advice! Both methods are simple and effective. People left nearly 150 comments on American Standard K9's post. I laughed when one commenter shared, "My husband's Border Collie has 2 ...