percentage of completion basis

简明释义

完成百分率基础，完工百分率制

英英释义

例句

1.The project manager updated the financials based on the percentage of completion basis for the ongoing projects.

项目经理根据正在进行的项目的完工百分比基础更新了财务报表。

2.The construction firm reported its earnings on a percentage of completion basis to reflect ongoing project progress.

该建筑公司以完工百分比基础报告其收益，以反映正在进行的项目进展。

3.The contractor billed the client using a percentage of completion basis, which means they charged for the work completed to date.

承包商采用了完工百分比基础进行计费，这意味着他们根据已完成的工作向客户收费。

4.Using a percentage of completion basis allows companies to match revenue with expenses more accurately.

采用完工百分比基础可以使公司更准确地将收入与费用匹配。

5.In accounting, revenue can be recognized on a percentage of completion basis for long-term projects.

在会计中，对于长期项目，可以采用完工百分比基础确认收入。

作文

In the world of project management and accounting, the term percentage of completion basis refers to a method used to recognize revenue and expenses based on the progress made towards completing a project. This approach is particularly common in long-term contracts, such as construction projects, where the total duration of the work can span several months or even years. By using the percentage of completion basis, companies can provide a more accurate reflection of their financial performance over time, rather than waiting until the project is fully completed to report earnings. The percentage of completion basis involves calculating the percentage of work that has been completed at a specific point in time. This is typically done by comparing the costs incurred to date against the total estimated costs of the project. For example, if a construction company has spent $500,000 on a project that is expected to cost $1,000,000 in total, they have completed 50% of the project. Consequently, they can recognize 50% of the total revenue associated with that contract at that point. This method is beneficial for both contractors and clients. For contractors, it allows for smoother cash flow management as they can bill clients based on the work completed rather than waiting until the end of the project. Clients also benefit from this arrangement as it provides them with regular updates on the project's financial status and progress. However, the percentage of completion basis does come with its challenges. Estimating the total costs accurately at the beginning of a project can be difficult, and any significant changes in scope or unforeseen expenses can lead to discrepancies in revenue recognition. Additionally, the percentage of completion basis requires diligent tracking and reporting of project progress. Companies must maintain detailed records of costs and ensure that they are consistently applying the same methods for estimating completion percentages. This level of scrutiny can be resource-intensive, especially for larger projects with many moving parts.Another important aspect of the percentage of completion basis is its impact on financial statements. Since this method allows for revenue to be recognized before the project is completed, it can significantly affect a company's balance sheet and income statement. Investors and stakeholders often look closely at these figures to gauge a company's performance and future prospects. Therefore, transparency in reporting and adherence to accounting standards is crucial when using this method.In conclusion, the percentage of completion basis is an essential concept in project management and accounting, especially for industries that rely on long-term contracts. It allows companies to recognize revenue and expenses in a timely manner, reflecting the ongoing progress of projects. While it offers numerous benefits, it also requires careful management and accurate cost estimation to ensure that financial statements remain reliable and informative. As businesses continue to navigate complex projects, understanding and effectively implementing the percentage of completion basis will remain a vital skill for project managers and accountants alike.

在项目管理和会计领域，术语完工百分比基础指的是一种基于项目完成进度来确认收入和费用的方法。这种方法在长期合同中尤为常见，例如建筑项目，因为这些项目的总持续时间可能会跨越几个月甚至几年。通过使用完工百分比基础，公司可以更准确地反映其财务表现，而不是等到项目完全完成后再报告收益。完工百分比基础涉及在特定时间点计算已完成工作的百分比。这通常通过将迄今为止发生的费用与项目的总估计费用进行比较来完成。例如，如果一家建筑公司在一个预计总成本为100万美元的项目上已经花费了50万美元，他们就完成了50%的项目。因此，他们可以在这一点上确认与该合同相关的50%的总收入。这种方法对承包商和客户都有好处。对于承包商来说，它允许更顺畅的现金流管理，因为他们可以根据完成的工作向客户开具账单，而不是等到项目结束。客户也从这种安排中受益，因为它为他们提供了有关项目财务状况和进展的定期更新。然而，完工百分比基础确实存在一些挑战。在项目开始时准确估算总成本可能很困难，任何重大范围变化或意外费用都可能导致收入确认的差异。此外，完工百分比基础要求对项目进展进行仔细跟踪和报告。公司必须保持详细的成本记录，并确保他们始终如一地应用相同的方法来估算完成百分比。这种程度的审查可能会消耗大量资源，尤其是在大型项目中，其涉及许多变动因素。完工百分比基础的另一个重要方面是其对财务报表的影响。由于这种方法允许在项目完成之前确认收入，因此它可以显著影响公司的资产负债表和利润表。投资者和利益相关者通常会密切关注这些数字，以评估公司的表现和未来前景。因此，在使用此方法时，报告的透明度和遵循会计标准至关重要。总之，完工百分比基础是项目管理和会计中的一个重要概念，尤其是在依赖长期合同的行业中。它允许公司及时确认收入和费用，反映项目的持续进展。虽然它提供了许多好处，但它也需要仔细管理和准确的成本估算，以确保财务报表保持可靠和信息丰富。随着企业继续应对复杂项目，理解和有效实施完工百分比基础将仍然是项目经理和会计师的重要技能。