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In this video tutorial, the focus is on the completed contract method in accounting. It contrasts this method with the percentage of completion method discussed in a previous video. The completed contract method involves recognizing revenue only upon the full completion of a long-term contract, such as a five-year project, where the revenue is recorded at the end of year five. The video aims to clarify this method and highlights its distinctions and similarities with the percentage of completion approach, providing an understanding of how revenue recognition works under these two methods in long-term contracts.