The Usefulness of Accounting Information Derived by Applying the Percentage of Completion Method to Enhance Sustainable Business Practices: Evidence from South Korea

The Usefulness of Accounting Information Derived by Applying the Percentage of Completion Method to Enhance Sustainable Business Practices: Evidence from South Korea

In South Korea, accounting fraud based on the recognition of revenue occurs frequently. The operating profit will be inaccurate if incorrect project completion rates are applied. In order to apply the percentage of completion method (PCM), the project completion rate should be calculated correctly....

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Bibliographic Details
Main Author: Hyun Mi Ji
Format: Article
Language:English
Published: MDPI AG 2018-12-01
Series:Sustainability
Subjects:
revenue recognition
accounting fraud
operating income
sustainable profit
the usefulness of accounting information
Online Access:https://www.mdpi.com/2071-1050/11/1/7

Internet

https://www.mdpi.com/2071-1050/11/1/7

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