The concept of completion indicates the amount of income that must be recorded from a specific sale. The realization method rules help the financial advisor determine that an income or expense has occurred.
This concept materializes when the seller receives the cash from the sale of goods or services. In this sense, it is very similar to the concept of conservatism in the sense that income is only recorded in financial documents when the money is received and not when the contract is drawn up.
In this concept, accountants would recommend to clients that the income from a long-term project should not be paid in a single payment, but divided over time according to the work performed. Realization concept