Home > Terms > English, UK (UE) > percentage of completion method
percentage of completion method
The recognition of revenue and expenses by reference to the stage of completion of a contract. Under this method contract revenue is matched with the contract costs incurred in reaching the stage of completion, resulting in the reporting of revenue, expenses and profit which can be attributed to the proportion of work completed.
0
0
Improve it
- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Financial services
- Category: Accountancy
- Company:
- Product:
- Acronym-Abbreviation:
Other Languages:
Member comments
Terms in the News
Featured Terms
Industry/Domain: Translation & localization Category: Terminology management
My Glossary
My Glossary enables freelance translators, technical writers, and content managers to store, translate, and share personal glossaries on ...
Contributor
Featured blossaries
Browers Terms By Category
- Muscular(158)
- Brain(145)
- Human body(144)
- Developmental anatomy(72)
- Nervous system(57)
- Arteries(53)
Anatomy(873) Terms
- Meteorology(9063)
- General weather(899)
- Atmospheric chemistry(558)
- Wind(46)
- Clouds(40)
- Storms(37)
Weather(10671) Terms
- Cosmetics(80)
Cosmetics & skin care(80) Terms
- Railroad(457)
- Train parts(12)
- Trains(2)
Railways(471) Terms
- Cooking(3691)
- Fish, poultry, & meat(288)
- Spices(36)