如果是财报中出现的percentage of completion method和completed contract method,二者不是同义或者近义表达。 percentage of completion method通常译为“完工百分比法”。 其在Investopedia中给出的英文释义为:The percentage of completion method is an accounting method in which the revenues and expenses of long-ter...
The costs incurred in reaching the stage of completion are matched with this revenue, resulting in the reporting of revenue, expenses and profit which can be attributed to the proportion of work completed. Append below are the normal accounting journal entries pertaining to the taking up of revenu...
The percentage-of-completion accounting method will help your company better align its recorded revenues with its incurred expenses. A thorough understanding of its advantages and implications will help make you a better employee, manager, or company leader. ...
Taxpayers with long-term contracts must use the percentage-of-completion method under Sec. Considering cash: advantages and availability of the cash method of accounting At present, revenues from the industry's sales of condominium units are recognized under the percentage-of-completion method. Under...
in the accounting policy [...] wwwen.zte.com.cn wwwen.zte.com.cn (b) 就建造合同而言,採用完工百 分比,詳見上 文「建造合同」下的會計政策 zte.com.cn zte.com.cn Thepercentage of completionisbased onthepercentageofcosts incurred to date on a ...
Percentage-of-completion method is based on the proportion of completion to confirm revenue and cost. The method is used for long-term projects that require contracts, and can be reliably estimated for the completion part, income and cost.Catalog Brief introduction to measurement methods Applicable ...
C In accounting for long-term construction contracts, the percentage-of-completion method is preferable to the completed contract method when estimates of the costs to complete and the extent of progress toward completion are reasonably dependable.反馈...
thisparagraph. Measuremethod Thepercentageofcompletionmethodtomeasuretheprogressof theprojectcanusethefollowingtwomethods:1.project estimate(oractualmileage,suchasthecompletionofthe constructionofhighwaymileage)2.actualcostsaccountedfor theexpectedrateofthetotalcost.Accounting,once identifiedasproductionschedule...
Examples of the Percentage of Completion Method The percentage of completion accounting method is commonly used by construction firms that are contractors for buildings, energy facilities, public sector infrastructure, and other long-term physical projects. It has also been used by defense contractors (...
Thecompleted contract method (CCM)of accounting considers all income and expenses directly related to a long-term contract as received when work is completed. The date of completion is spelled out in the contract and is often months or even years away from the date work...