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#cfa-level-1 #reading-25-understanding-income-statement #revenue-recognition
For installment sales, IFRS separate the installments into the sale price, which is the discounted present value of the installment payments, and an interest component.
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3.2.2. Installment Sales
rvices are rendered, independent of the period in which cash payments for those goods or services are received. This principle applies even to installment sales —sales in which proceeds are to be paid in installments over an extended period. <span>For installment sales, IFRS separate the installments into the sale price, which is the discounted present value of the installment payments, and an interest component. Revenue attributable to the sale price is recognized at the date of sale, and revenue attributable to the interest component is recognized over time.18 International standards note, how


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