POC Analysis in Construction Accounting?

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Posted by:
Nadia Ahmed Mohammed Saeed
29-August-2013

Accounting Construction Knowledge Cost Accounting Construction Methods Job Costing

Question ajoutée par Muneer P.V , Chief Accountant , Orientals Enterprises
Date de publication: 2014/11/24

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par Trupti Gadgil , Manager , Cipher Investment and Finance Ltd

POC means Percentage of Completion. In construction accounting, POC will determine the amount of Revenue, Costs, Profits as well as WIP (Work in Progress) that will be recognized in the books of accounts.

POC can be a complicated method. Different methods such as Proportion of Contract Costs, Survey of Work Performed and Completion of Physical Activity method are used to determine POC.

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