Abstract
The majority of the contracts for the construction of real estate are long-term in nature because their construction covers more than one year. The real state and construction has been gaining visibility, especially after the US real state crisis and the IPOs of several companies between 2004 and 2007. Given the sector’s growth in recent years in the country and its importance for the economy associated with the Brazilian convergence with the International Accounting Standards, it is required that users of financial statements and its preparers are understanding these new accounting practices. A controversy in the accounting treatment of these contracts is the moment of revenue recognition. The objective of this paper is to analyze the perception of Brazilian users – analysts, managers, professors, students, researchers and auditors - with respect to revenue recognition of long-term real estate contracts. Ten questions were asked using the Likert scale; they seek to analyze the understanding of the participants facing the issue. It was applied the multivariate technique HOMALS (Homogeneity Alternating Least Square). The results indicate that the participants do not show a specific understanding towards the concepts discussed, therefore, it is not possible to identify a market consensus.
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