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Percentage-of-Completion Method
(redirected from Percentage of Completion Method)

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Percentage-of-Completion Method
In construction and project finance, a method for calculating profits and losses in which revenue is recognized as it is received, provided that it is prorated according to the percentage of the project that is complete. This differs from the completed-contract method, which only recognizes revenues after the physical completion of the contract. Each method may have its own tax advantages.
percentage-of-completion method
A method of recognizing revenues and costs from a long-term project in relation to the percentage completed during the course of the project. Thus, the percentage-of-completion method allows a business profits (or losses) on a project before its completion. Compare completed-contract method.
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7 Revenue under the Percentage of Completion Method For the quarter ended September 30, 2010, the Company's total revenue using the percentage of completion method was US$107.
Xinyuan Real Estate Co., Ltd. Announces Third Quarter 2010 Financial ... by PR Newswire
The additional time required for delivery will mean that the revenue recognition of milestones, which are a fixed amount, under the percentage of completion method, will now be extended over a further 12 months.
iSOFT Group Limited (ASX:ISF) Corporate Results Forecasts For The ... by ABN Newswire
C is not required to use the percentage of completion method for regular tax purposes, but it calculates its E&P using that method (Sec.
Recognizing when an S corporation has accumulated earnings and profits by Ellentuck, Albert B. / The Tax Adviser
 
 
 
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