Percentage-of-Completion Method

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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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Completed-Contract Method			Percentage-of-Completion Overview The percentage-of-completion method of accounting (PCM) is prescribed by Sec. Tax savings opportunities for taxable contract acquisitions by Hurt, Rebecca K. / The Tax Adviser Excluding the impact of applying the percentage-of-completion method, sales increased by 4. Fujitsu Reports FY 2005 Third-Quarter Financial Results by JCN Newswires GAAP generally requires the percentage-of-completion method. WHAT Foreign Filers Need to KNOW by Arnold, Jerry / Financial Executive			People's Bank of China PEPS Pequeno inversor PER per annum per capita Per Capita Debt Per Capita Income per diem charge Per Diem Interest per door Per Mille Per Se Per Share Basis per stirpes PERC Percent to Double Percentage depletion Percentage Financial Statement percentage lease percentage of debt percentage of equity Percentage Order Percentage Premium Percentage Price Oscillator Percentage-of-Completion Method percolation test Perda de eficiencia Perdao da divida Perdedor Perdida de capital Perdida de eficiencia Perdida extraordinaria Perdida neta Perdida operativa Perdida realizada Perdida trasladable a ejercicios anteriores Perdida trasladable a ejercicios posteriores Perdita di capitale Perdite accidentali Perestroika perfect Perfect Capital Market Perfect competition Perfect Forecast Line Perfect Hedge Perfect Market Assumptions Perfect Market View Perfected first lien perfecting title Perfectly Competitive Financial Markets			Percentage Orders percentage point Percentage Points Percentage premium Percentage Premiums Percentage Price Oscillator Percentage Price Oscillators Percentage Ready Percentage Recovery per Hour percentage reinforcement Percentage Relative Standard Deviation percentage rental percentage ripple Percentage RMS Percentage Root Mean Square Error percentage sign percentage sign Percentage solution percentage subsidence percentage support percentage void Percentage Volume Change Index Percentage Volume Oscillator Percentage-Closer Soft Shadow Percentage-Of-Completion Percentage-of-Completion Method Percentages Percentages Percentages Percentages agreement Percentages of Positive Fluorescent Parasites percentile percentile percentile percentile Percentile rank percentiles percentiles percentiles percents percents percents Percentual Total Activity Index Percepcao Extra-Sensorial percept percept percept perceptibility perceptibility perceptible perceptible perceptibly perceptibly perception perception perception

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