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Blackout Accounting Contract

Blackout Accounting Contract

Aug 6th, 2022

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How to Blackout Accounting Contract

4.8 out of 5

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The video tutorial discusses accounting for construction contracts, focusing on the timing of revenue and expense recognition. Major projects, such as Wembley Stadium and the Sydney Opera House, often take years to complete, making profit determination challenging. Without accounting standards, companies could potentially recognize all revenues and expenses at the project's beginning, end, or throughout its duration. The standard SSAP 11 provides guidance: the accounting approach depends on whether the project's stage of completion can be reliably measured. If measurable, paragraph 22 instructs to use the completion percentage for revenue and expense recognition.

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

What is the blackout period law?

Blackout Period means a period of time during which the Participant cannot sell Shares, due to applicable law or policies of the Company in respect of insider trading. Blackout Period has the meaning set forth in Section 2.01(d).

What is a blackout clause?

A blackout period is a policy or rule setting a time interval during which certain actions are limited or denied. It is most commonly used to prevent company insiders from trading stock based on insider knowledge.

What does blackout mean in finance?

A blackout period in financial markets is a period of time when certain peopleeither executives, employees, or bothare prohibited from buying or selling shares in their company or making changes to their pension plan investments. With company stock, a blackout period usually comes before earnings announcements.

What does blackout period mean in business?

Companies that issue stock options routinely enter whats known as blackout periods, where theyre legally unable to issue new shares, and can ask employees not to exercise their stock options. Companies enter blackout periods for various reasons.

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