I don't get how we can have our costs incurred to date as 23m as it is already given to us as 25m. Shouldn't we add the the costs as 25m and then balance off to get the Revenue, which will then be 20m instead of the current 18m
True but supposedly the revenue is 20 then the percentage of completion would have to be adjusted to 50% instead of 45%. But I think he is mistaken and has to adjust his figures.
4:42 Chris you're a LEGEND!
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I don't get how we can have our costs incurred to date as 23m as it is already given to us as 25m. Shouldn't we add the the costs as 25m and then balance off to get the Revenue, which will then be 20m instead of the current 18m
True but supposedly the revenue is 20 then the percentage of completion would have to be adjusted to 50% instead of 45%. But I think he is mistaken and has to adjust his figures.
The costs to date is 25 therefore the p&l will already include this figure. How can the balancing p&l figure be less than incurred costs to date?
True he would have to add a +2 as balancing figure to arrive at a loss of 5
How to rout loss through provisions as for expected losses we can create a provision.
I stopped