Following your review of Chapter 3, Construction Accounting and Financial Management,1 you will recognize there are a number of unique transactions taking place in construction accounting not occurring in other industries. Please discuss your understanding of underbilling and overbilling with specific reference to how these are used in percentage-of-complete accounting? As always reference appropriately with academic or trade sources and let us now begin to become more provocative again being careful to substantiate your arguments.
Peterson J, Steven; “Construction Accounting and Financial Management” 4th Edn,(Pearson), ISBN 10: 0-13-523237-2, Ch 3 pp 28-51
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