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NEC ECC: accounting principles

+1 vote
56 views
Our accounts are being audited and a year-end accrual is being examined. The accrual was calculated including forward forecasts in line with ECC option C. How does this agree with Accounting principles?
asked May 19 in NEC3 Main options by Shaun   1
   

1 Answer

+1 vote
There shouldn't be any problems with accounting principles it is a matter for the accountants to understand and get comfortable with the operation of this type of contract which provides for this type of payment.
answered Jun 5 by Rob Horne (8,850 points)