Subject. This article examines the issues related to the methodology of accounting for construction activities in terms of disclosing the particularities of revenue and expense recognition in conditions of production of varying duration. Objectives. The article aims to find justifications for recognizing income from the short cycle when using its products in long-term construction of a real estate project. Methods. For the study, we used induction and deduction, analysis and synthesis, modeling, comparison, extrapolation, as well as logical, functional and targeted, and analogical approaches. Results. The article finds that construction business organizations often face the methodological problem of determining a reliable financial result from their activities, which is related to their operation in several areas, the production cycles of which differ significantly in duration. Accounting standards offer tried-and-true methodologies. However, an ambiguous situation arises regarding a finished product from a short cycle that is consumed in a cycle with a long period of readiness and sale. Conclusions and Relevance. The results of studying the issue of accounting for activities of varying duration for the purpose of calculating financial results have practical significance, and also raise a methodological scientific problem regarding the insufficiency of regulation in accounting standards for complex business situations.
SEREBRYAKOVA et al. (Wed,) studied this question.