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In this video tutorial, the focus is on the completed contract method in accounting, particularly for long-term contracts. The presenter compares this method to the percentage of completion method previously discussed. The completed contract method involves recognizing revenue only upon the contract's completion, such as at the end of a five-year contract, rather than throughout the project's duration. This approach will be the primary subject of discussion, and a review of similarities with the percentage of completion method is provided to enhance understanding. The video aims to clarify how and when to recognize revenue using the completed contract method.