Completed-contract method
id:
completed-contract-method-242-4536240
title:
Completed-contract method
text:
The Completed-contract method is an accounting method of work-in-progress evaluation, for recording long-term contracts. GAAP allows another method of revenue recognition for long-term construction contracts, the percentage-of-completion method. With this method, revenue is recognized when the contract is fulfilled. The contract is considered complete when the costs remaining are insignificant.
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Completed-contract_method
date created:
date modified:
2021-03-24T21:59:14Z
main entity:
{"identifier":"Q5156517","url":"https://www.wikidata.org/entity/Q5156517"}
image:
fields total:
13
integrity:
13