Under the [...] method, revenue is recognized based on the stage of completion of a transaction or contract and is, thus, recognized when the services are rendered.
Under the [...] method, revenue is recognized based on the stage of completion of a transaction or contract and is, thus, recognized when the services are rendered.
Under the [...] method, revenue is recognized based on the stage of completion of a transaction or contract and is, thus, recognized when the services are rendered.
Answer
percentage-of-completion
If you want to change selection, open original toplevel document below and click on "Move attachment"
Parent (intermediate) annotation
Open it Under the percentage-of-completion method, revenue is recognized based on the stage of completion of a transaction or contract and is, thus, recognized when the services are rendered.
Original toplevel document
3.2.1. Long-Term Contracts a licensing arrangement, the company may recognize the revenue on a prorated basis over the period of time of the contract rather than at the end of the contract term. Under IFRS, this may be done using the percentage-of-completion method.16 <span>Under the percentage-of-completion method, revenue is recognized based on the stage of completion of a transaction or contract and is, thus, recognized when the services are rendered. Construction contracts are examples of contracts that may span a number of accounting periods and that may use the percentage-of-completion method.17 IFRS provide that when the outcome
Summary
status
not learned
measured difficulty
37% [default]
last interval [days]
repetition number in this series
0
memorised on
scheduled repetition
scheduled repetition interval
last repetition or drill
Details
No repetitions
Discussion
Do you want to join discussion? Click here to log in or create user.