About this document
Cost-Based POC Method Overview by kkka Tt is a document available to read on EtoBox.
The document describes the cost-based percentage of completion (POC) method for recognizing revenue and profits on sales orders, projects, and internal orders over time. It explains that under the POC method, revenue and costs affecting net income are calculated based on the ratio of actual costs to planned costs. This allows a profit to be recognized before revenue is actually received. The document provides an example to illustrate how the POC method is applied over multiple periods as an order is produce
- Author
- kkka Tt
- Language
- EN