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Delete Circle in the Accounting Contract

Delete Circle in the Accounting Contract

Aug 6th, 2022

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How to Delete Circle in the Accounting Contract

4.6 out of 5

70 votes

In this video tutorial, the focus is on the completed contract method in accounting. It discusses how revenue recognition can occur either at the end of a long-term contract or throughout the contract using the percentage of completion method. The completed contract method waits until the contract, such as a five-year project, is fully finished to recognize any revenue. The video intends to clarify this approach and relates it to the previously discussed percentage of completion method, highlighting similarities between the two. The review of prior examples aims to enhance understanding of the completed contract method.

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