Attributable profit: Difference between revisions
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imported>Doug Williamson m (Spacing) |
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''Financial accounting''. | ''Financial accounting''. | ||
In relation to accounting for long-term contracts, that part of the total profit currently estimated to arise over the duration of the contract, after allowing for estimated remedial and maintenance costs and increases in costs so far as not recoverable under the terms of the contract, that fairly reflects the profit attributable to that part of the work performed to date, as at the accounting date. | In relation to accounting for long-term contracts, that part of the total profit currently estimated to arise over the duration of the contract, after allowing for estimated remedial and maintenance costs and increases in costs so far as not recoverable under the terms of the contract, that fairly reflects the profit attributable to that part of the work performed to date, as at the accounting date. | ||
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* [[Profit and Loss account]] | * [[Profit and Loss account]] | ||
* [[SSAP 9]] | * [[SSAP 9]] | ||
Revision as of 15:51, 29 July 2013
Financial accounting.
In relation to accounting for long-term contracts, that part of the total profit currently estimated to arise over the duration of the contract, after allowing for estimated remedial and maintenance costs and increases in costs so far as not recoverable under the terms of the contract, that fairly reflects the profit attributable to that part of the work performed to date, as at the accounting date.
