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Matt Smith did an excellent job of breaking down job costs. It was extremely informative, helpful and allowed me to gain knowledge in this. I liked his reference to breaking it down to the debits and credits, his way of teaching made it easy to understand and learn.
Fundamentals of
Construction Accounting
Learning about what is correct in in terms of accurately recognizing revenue was really interesting. I'm also a huge fan of the real-life scenarios and examples that were provided throughout this section.
Fundamentals of
Construction Accounting
I love how Chris showed the income statement before and after the adjustment. Also, the breakdown of the ratios and how they apply to the construction industry was insightful.
Fundamentals of
Construction Accounting