A WIP-challenged Industry --Dickeson

Then attempting to export those job costs (whatever you define those costs to be) to general ledger zero balance accounting for WIP valuations by chargeable hours is plain foolish. So why don't we stop all this baloney and just get as close to cash with our statistical model as we can?

But what happens to our sacred WIP—our matching of expense to revenues—if we just quit BHR job costing chargeable hours? Scary, isn't it? Scary because it's all so simple and logical. Any mystique of the professionals vanishes. We just quit deferring all those little pieces of period expenses we're post-poning for later as BHR "costs." No longer will we be a WIP-challenged industry. (Hello WorldCom, we learned the lesson!)