Hi guys, i came across this term

"Accrued billings"

When reading the quarterly reports of a property developer, Global Oriental Berhad in the current assets section.

Just asking, what is the meaning of "accrued billings" used in the context of a property developer? What gives rise to "accrued billings"?

I find it weird because property developers cannot recognise unbilled sales in its financial statements but rather to recognise sales per the percentage of completion and this matched against its property development costs in its P&L.

Thanks in advance for the help.