According to the accounting standar

According to the accounting standards for companies no. 14 - revenue, the results of labor transactions provided by a technology service company on the balance sheet date can be measured reliably, and the four conditions for revenue recognition can be met. There are usually three ways to confirm the completion percentage. The first method is "actual measurement ", where the project is scientifically determined by a professional on the spot. The second method, "workload method ", calculates the proportion of the completed contract workload in the total contract workload. The third method, "cost method ", is based on the proportion of the cumulative cost actually incurred in the project to the total estimated cost of the contract. The third method is the more common method to determine the contract completion schedule. J company is no exception. It also determines the completion percentage according to this method. The calculation method of "completion percentage" is: contract completion schedule = the accumulated actual contract cost/estimated total contract cost × 100%, and the calculation method of project revenue is: contract amount * contract completion schedule. Using this accounting method, the company's project management requirements are particularly high. Firstly, it is necessary to have a perfect project budget mechanism. The project budget should be detailed and true. Besides the total cost, it should also include indicators such as project contract amount, project implementation period, project description and historical profitability of the project. Secondly, the listed expenses of the business should be true and reliable, and no misalignment of expenses should be allowed to ensure the accurate cost calculation of the project. Be able to make budget changes in time when the project itself and the relevant environment change; At the end of the project, timely and effective evaluation can be conducted in order to improve the profitability of subsequent similar projects.