有了解construction industry 会计的么？

sun-shine

收入也是按完工百分比法计算确认的么？大体的journal entry应该怎么写？

谢谢！~

Happybanana

You are right, construction contract accounting under AASB111 (IAS11) uses the stage of completion. The journal entry is similar to other revenue recognition, but the way of calculating (or allocating revenue) from the total contract price is a bit complicated.  

You also need to consider if there is any loss-making component in the contract, in that case you can only recogise revenue to the extent of the cost incurred.

Normally the key terms & conditions need to be reviewed in detail before you apply revenue calculation and then journal entry as it could be different if the contract has some complex custom-designed pieces or some specific customer's requirements (such as milestones, approval by a project lead team etc, then these conditions need to be taken into account for revenue recognition).

Revenue accounting will be changed significantly due to the current Exposure Draft. If LZ works in this space, please monitor the movements by attending some technical seminars,

Chole

现在哪有CONSTRUCTION COMPANY招会计的啊?好向往啊~~~

Tigerpie

建筑行业的收入确认是按contract value X percentage.百分比的确定有很多方法，关键看你在建筑行业的那个领域
1)Actual cost/projected total cost
2)Project milestone or percentage of completion
3)Actual cost/budgted cost
4)Percentage of completion by professional valuers
等等，总之substance over form,关键看你项目进展的实际情况以及所发生的成本和预计将要发生的成本。作为会计来说最麻烦是费用的分摊，项目成本的确认。Jounal entry可以分为下面：
Invoicing:
DR AR/bank/cash
CR Deferred/ArrualRevenue
Revenue Recognition:
DR Deferred/Accual revenue(less than invoiced amount,deferred;more than invoicced amount,Accrual)
CR Revenue

DR Cost of good sold
CR WIP