completed contract method

Definition

Revenue recognition method for a contract that is completed over more than one accounting period. It is employed specially where the total cost of performing the contract, and the amount of profit to be realized, are largely uncertain. In this method (as opposed to the percentage of completion method), the total contract revenue and the corresponding cost of performing the contract are recognized only in the accounting period in which the contract is completed.

单词	completed contract method
释义	completed contract method Definition Revenue recognition method for a contract that is completed over more than one accounting period. It is employed specially where the total cost of performing the contract, and the amount of profit to be realized, are largely uncertain. In this method (as opposed to the percentage of completion method), the total contract revenue and the corresponding cost of performing the contract are recognized only in the accounting period in which the contract is completed.
随便看	near money necessaries necessary good necessary inference necessary party necessities necessity need need for achievement need for affiliation need-gap analysis need profiling needs analysis needs and wants needs assessment need satisfaction approach need satisfaction selling need to know negative account employer negative amortization negative amortization limit negative carry negative cash flow negative contributor negative convexity