Like I'm 5™

Lesson60 seconds

What is Percentage of Completion?

Recognizing long-job as work progresses, not only at the end.

Step 1 of 9

Simple Definition

Percentage-of-completion recognizes and costs of long-term contracts in proportion to progress toward completion when the outcome can be estimated reliably.

Explanation level

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Try “Like I'm 5™” for a picture-book version - not the grown-up wording above.

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Percentage of Co
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