This article questions the reliability of the amount of revenue recognized in the percentage of completion （POC） method of revenue recognition in construction industry and recommends a new method based on the progre...This article questions the reliability of the amount of revenue recognized in the percentage of completion （POC） method of revenue recognition in construction industry and recommends a new method based on the progress billing which is more reliable. The most commonly used method of revenue recognition in the construction industry is the percentage of completion method （POC）, where the revenue is recognized on the basis of the percentage of work completed. The calculation of percentage of work completed is made on the basis of the cost incurred for the contract work during the financial period and the cost required for completion of the work as estimated by the contractor. Here, the acceptance of the product by the buyer （contractee） is not involved in recognizing the revenue. The reliability of the amount of revenue and its collectability can be assured only when the buyer accepts the product. The approval of the progress bill by the contractee is needed to assure the reliability and collectability and it must be the event that triggers the recognition of revenue.展开更多
The purpose of this paper is to examine the impact of climate change on gender and poverty in Nigeria. The paper relies mainly on secondary data generated by private individuals, government and non-government bodies. ...The purpose of this paper is to examine the impact of climate change on gender and poverty in Nigeria. The paper relies mainly on secondary data generated by private individuals, government and non-government bodies. From these sources, the paper reveals that climate change has resulted in higher temperature increase frequency on extreme weather events in the country, such as storms or record drought resulting in the dislocation of agricultural areas and its consequence food shortage. Women are the hardest hit because they produce food and do not have control over land to make most communities vulnerable to flooding as seen in Lokoja, Bauchi and Kaduna among others in Nigeria. Flooding has increased the frequency of vector-borne diseases such as malaria, dysentery, typhoid, cholera, etc.. Women who clean the mess left behind after the flood are mostly affected. It is also revealed that climate change has resulted in great economic losses, with most of the losses to be in agricultural production, the engine of growth and the mainstay of the economy. Finally, the paper suggests measures such as reduction in deforestation by provision of alternative source of energy and environmental friendly industrial activities will help reduce the rate of discharge of carbon-dioxide into the atmosphere.展开更多
文摘This article questions the reliability of the amount of revenue recognized in the percentage of completion （POC） method of revenue recognition in construction industry and recommends a new method based on the progress billing which is more reliable. The most commonly used method of revenue recognition in the construction industry is the percentage of completion method （POC）, where the revenue is recognized on the basis of the percentage of work completed. The calculation of percentage of work completed is made on the basis of the cost incurred for the contract work during the financial period and the cost required for completion of the work as estimated by the contractor. Here, the acceptance of the product by the buyer （contractee） is not involved in recognizing the revenue. The reliability of the amount of revenue and its collectability can be assured only when the buyer accepts the product. The approval of the progress bill by the contractee is needed to assure the reliability and collectability and it must be the event that triggers the recognition of revenue.
文摘The purpose of this paper is to examine the impact of climate change on gender and poverty in Nigeria. The paper relies mainly on secondary data generated by private individuals, government and non-government bodies. From these sources, the paper reveals that climate change has resulted in higher temperature increase frequency on extreme weather events in the country, such as storms or record drought resulting in the dislocation of agricultural areas and its consequence food shortage. Women are the hardest hit because they produce food and do not have control over land to make most communities vulnerable to flooding as seen in Lokoja, Bauchi and Kaduna among others in Nigeria. Flooding has increased the frequency of vector-borne diseases such as malaria, dysentery, typhoid, cholera, etc.. Women who clean the mess left behind after the flood are mostly affected. It is also revealed that climate change has resulted in great economic losses, with most of the losses to be in agricultural production, the engine of growth and the mainstay of the economy. Finally, the paper suggests measures such as reduction in deforestation by provision of alternative source of energy and environmental friendly industrial activities will help reduce the rate of discharge of carbon-dioxide into the atmosphere.
