This paper outlines practical issues regarding the application of the long term contracts for Polish accounting environment. A review of the auditing methods and its application for the derivatives and multi-periods treatment was examined. The tax and accounting reference gap has been discussed

The increase in cost due to inflation has been a concern in the construction industry. In long-term projects, it becomes even more essential to know the cost for future planning and budget approval. This study attempts to adopt the probabilistic approach to put forth the prediction of cost...