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NEC ECC: accounting principles

+1 vote
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, 2017 in Main options by Shaun   1

1 Answer

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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, 2017 by Rob Horne (19,230 points)