| Completed Project Method |  |
| Select this method to recognize revenue on completion of a contract. When to use this method This method is used when you prefer to recognize revenue only on completion of the contract. Calculation of revenue recognized Revenue recognized = Revenue at the completion of the contract. Levels at which it can be recognized: Project Extension Constraints The project status must be Closed. The extension status must be Invoiced. Related topics Revenue Recognition (RR) and Cost of Goods Sold (COGS) |