I was doing some practice problems on AnalystNotes and was asked about how current assets & liabilities differ for a company using percentage of completion vs. completed contract methods of revenue recognition.
I scoured the official FSA reading for anything on this and found very little. According to AnalystNotes, differences in the “construction in progress” account are the key driver.
I’m wondering if maybe the questions are from an earlier version of the CFA curriculum.
Anyone have any thoughts on this?