Business service for construction progress standards compliance service

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last updated：Oct 01, 2010

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To companies that wish to respond to the major shift in accounting standards in the shortest possible distance.

From April 1, 2009, for business years starting thereafter, the application of the "percentage-of-completion method" will be required for the recognition of revenue related to "contract agreements," not limited to typical construction industries but also including custom-developed software. Our company, established as an accounting consulting firm spun off from the accounting and finance department of Toyo Engineering Corporation, which includes the plant construction industry, provides consulting services and necessary system development and implementation services based on the practical know-how accumulated over many years, to ensure a reliable response to the imminent major shift in accounting standards within the next year.

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【Features】 ○ In response to construction progress standards, changes to information systems are expected to occur to some extent in any company. ○ On the other hand, whether a system capable of supporting EVM (Earned Value Management) is necessary is, of course, not the case. For example, if using the cost proportional method, if there is a total budget, total cost, and previously recorded profits and losses, accounting entries for revenue based on progress standards can be created. ○ Our company will propose a system implementation that maximizes the use of your existing information infrastructure by reviewing the structure and content of your current system, and adding the minimum necessary functions to comply with construction progress standards. This will support you in completing system changes related to construction progress standards in a reasonable manner and within a short period. ● For more details, please contact us or download the catalog.