Summary of Percentage of Completion Cost Recovery Completed Contract Methods #50 (FAR 9:27)

Summary of Percentage of Completion, Cost Recovery,Completed Contract Methods (FA Tutorial #50): In this video I elaborate as to why we should avoid using the critical point method for long term contracts. We have to recognize revenue gradually using either the percentage of completion or cost recovery method.

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Keywords: farposts, farvideos, long term contracts