Penny-wenny

Dear Sundusg,

You don't understand my point. Of course the cost or exp. is obviously recorded when it is incurred. My point here about the loss. How can you recognize the loss if you don't wait until the closing book time? For both methods, even cost and revenue are based on the estimation, any exceed over estimation should be recognized immediately. But for the completed method, it is still waited until the completion of the project, so for long time of project we cant see the loss.

That is my point and confusion.



sundusg_ Wrote:
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> for ALL methods - recognize loss when incurred.
> Can you remember that? If you cant then there are
> 6 books with confusing topics and you will need to
> up your game a bit

Thu Thuy