Dear all,,
I m very new to construction accounts.i had an interview with one of the construction companies in this week.kindly tell me what accounts do they maintain & what topics should i cover for the same ..
thanks.
Srinivas (Student.) (152 Points)
12 April 2011Dear all,,
I m very new to construction accounts.i had an interview with one of the construction companies in this week.kindly tell me what accounts do they maintain & what topics should i cover for the same ..
thanks.
vignesh
(B-com CS CA-Final CFA-level 1 candidate)
(1053 Points)
Replied 12 April 2011
AS-7.... :)
contract costing...major thing i would suggest..
not an expert still..
V P Narasimhan
(Accounts Manager)
(791 Points)
Replied 09 June 2011
Yes I agree with Mr Vignesh. In a manufactruing Company you will hav e openning stock,closing stock, finished products, w i p and all whereas in a constgruction company these kind of activities can't takes palce and you have to maintaing the Running Bill on stage to stage basis where in % of completion method has to be adopted as per AS7 only.