What question did this study set out to answer?

To present a quantitative method for recognizing profit on long-term construction contracts using the percentage-of-completion approach.

March 18, 2026The Accounting Review

A Quantitative Approach to the Illustration of the Percentage-of-Completion Method.

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Authors

WHW. HawthornUniversity of York HHHartwell Cushman HerringUniversity of Tennessee Health Science Center DCDon T De CosterUniversity of North Carolina at Chapel Hill

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Implication

This article demonstrates profit recognition using a quantitative method for long-term construction contracts, suggesting improved efficiency and focus on concepts.

Key Points

To present a quantitative method for recognizing profit on long-term construction contracts using the percentage-of-completion approach.
Describes the generalized quantitative approach to the percentage-of-completion method.
Emphasizes the use of a programmable symbolic language for rapid profit determination.
Focuses on conceptual understanding while minimizing arithmetic workload.
Enables instantaneous profit calculation for various contracts.
Improves focus on conceptual aspects rather than arithmetic busy-work.
Enhances applicability to real business situations.

Cite This Study

Hawthorn et al. (1975) studied this question.

synapsesocial.com/papers/69ba43884e9516ffd37a4e97 https://doi.org/10.2308/tar-4512518

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Implication

This article demonstrates profit recognition using a quantitative method for long-term construction contracts, suggesting improved efficiency and focus on concepts.

A Quantitative Approach to the Illustration of the Percentage-of-Completion Method.

Discussion

Member takes

Implication

Key Points

Cite This Study

A Quantitative Approach to the Illustration of the Percentage-of-Completion Method.

Discussion

Member takes

Implication

Key Points

Cite This Study

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