摘要：The financial statements of each company must be prepared and presented inaccordance with Financial Accounting Standards (GAAP) No. In SFAS No. 34.34 contained on the company's contractors. Companies engaged in long-termconstruction contract requires a standard for recognizing and measuringrevenues, costs, and profit in one accounting period which describes theaccounting treatment of revenues and expenses associated with constructioncontracts. Therefore, the main problems in the accounting of constructioncontracts is the allocation of contract revenue and contract costs in the period inwhich work is carried out
