Revenue Recognition ( Topic 605 ): Revenue from Contracts with CustomersSummary, Comment Letter
revenue recognition modeltransaction priceInflux or other enhancement of assets of an entity or settlements of liabilities from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations. In May 2014, the Financial Accounting ...
我把自己录制好的ACCA课程传到这儿供大家学习参考 谢谢大家的一键三连 今天上传的是FR Financial Reporting (F7)的第7课 IFRS 15 REVENUE FROM CONTRACTS WITH CUSTOMERS 收入准则(2), 视频播放量 11、弹幕量 0、点赞数 1、投硬币枚数 0、收藏人数 0、转发人数 0, 视频
Revenue from contracts with customers是ACCA考试的内容,其中Revenue from contracts with customers的五步模型也是考试的重点。在学习该部分课程的时候,学员要对知识点有自己的掌握才可以。五步模型的具体内容如下: 1) Identify the contract with a customer. 识别与客户订立的合同 2) Identify the separate performance...
There are many interesting questions related to revenue recognition. IFRS 15 standard does not distinguish between sales of goods, services or construction contracts. It defines transactions based on performance obligations satisfied over time versus point in time. This course explains th...
is that an entity shall recognise revenue from thetransfer of promised good or servicesto customers at an amount thatreflects the considerationto which the entity expects to be entitled in exchange for those goods and services. The standard introduces afive-step modelfor the recognition of revenue...
Principles (GAAP), which covers U.S.-based companies. In 2014, the FASB and theInternational Accounting Standards Board(IASB), which determines the International Financial Reporting Standards (IFRS), jointly created a new set of standards governing revenue recognition from contracts with customers. ...
Step 3 of the revenue recognition model requires entities to consider the terms of the contractand the entity’s customary business practices to determine the transaction price. Transactionprice is a new term. Entities will have to understand the term conceptually and in practicecompared with the ex...
IFRS 15 Revenue from Contracts with Customers – Summary In the past few years, the revenue recognition rules changed dramatically with introduction of thenew standard IFRS 15. All affected companies face a lot of challenges and work related to the proper implementation of the new standard....
Comment on the IASB Discussion Paper `Preliminary Views on Revenue Recognition in Contracts with Customers', Accounting in Europe 7, 3-13.J. Marton and A. Wagenhofer, Comment on the IASB discussion paper `Preliminary Views on Revenue Recognition in Contracts with Customers', 2010, Accounting in...