Accrued revenue (accrued income)

In what industries are accrued revenue most often seen?

Accrued revenue (accrued income) is most often seen in long-term relationships where a supplier invoices its customer after it has delivered the service or good. A classic example is the construction industry where revenue is often recorded by the percentage of completion (i.e. when for example 50 % of the construction is complete 50 % of the future payment amount or contract value is recognized as revenue). In these situations, it is common to receive part a part of the payment upfront and then the rest after delivery or completion.