UNIT-OF-WORK-PERFORMED METHOD Definition

Bookmark and Share

UNIT-OF-WORK-PERFORMED METHOD is where revenue and cost of sales are recorded as units of work are delivered. This is most suitable to production-type contracts where many units of a product are produced in a continuous process, e.g. automobile manufacture.

Learn new Accounting Terms

DECRETION is a decrease. See also ACCRETION.

CASE-BASED REIMBURSEMENT, in healthcare, is a hospital payment system in which a hospital is reimbursed for each discharged inpatient at rates prospectively established for groups of cases with similar clinical profile and resource requirements.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.