Specialities of project accounting – SME INFO 2020-18

As from 2020 on, also with the intention of IFRS harmonization, project accounting and the method of accounting for sales revenue based on the completion degree of the project was introduced in the Hungarian Act on Accounting. This change can have significant effect on the annual report and the profit of companies meeting the criterias of applying project accounting (e.g. in the building industry).

With the short summary of the topic published in Process Solutions’ SME INFO Nr.2020-18 released on 12 November, we would like to draw the attention to the importance of careful consideration and would like to support the year end preparation works.

The newsletter can be downloaded here in Hungarian .

A magyar nyelvű hírlevél pdf-verziója ide kattintva tölthető le.

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