Construction in Progress – Gross (SF.BS.ConstructionInProgressGross) refers to the cost of construction in progress of fixed assets intended to be used by the company for its own operations.

Usually, depreciation starts only when the asset is completed and starts to be used.

The gross cost may include costs of materials and other resources consumed during its construction.

Construction in Progress – Gross (SF.BS.ConstructionInProgressGross) does not include:

• Work in progress of products to be sold (shown in Inventories – Work-in-Progress (SF.BS.Inventories_WIP) when current and non-current assets are not reported separately)

Related Entries

• Acceptances Outstanding (SF.BS.AcceptancesOutstanding)
• Accounts Payable (SF.BS.AccountsPayable)
• Accounts Receivable – Trade, Gross (SF.BS.AccountsReceivable_TradeGross)
• Accounts Receivable – Trade, Net (SF.BS.AcctsReceivable_TradeNet)
• Accrued Expenses (SF.BS.AccruedExpenses)