In Japan, the IT companies may still choose the account methods for their long-term projects, the percentage of completion method of the completion job method. As you might know, the percentage of completion method is the global standard.
Sometimes investors in Japan could be surprised at the sudden bad financial statements of the IT companies. It's hard to get the actual progress of their projects on the completion job method.
However, the IT companies have to use the percentage of completion method from next fiscal year 2009. I have experienced the method in my first company. The company has chosen the method since 1995 because of reducing risks. Everybody complained to use the method on starting. The decision was true.
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