Revenue Recognition a) Discuss and apply the criteria that must be met before an entity...
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Accounting
Revenue Recognition
a) Discuss and apply the criteria that must be met before an entity can apply the revenue recognition model.
b) Discuss and apply the five-step model relating to revenue earned from a contract with a customer.
c) Apply the criteria for recognition of contract costs as an asset.
d) Discuss and apply the recognition and measurement of revenue including performance obligations satisfied over time, sale with a right of return, warranties, variable consideration, principal versus agent considerations and non-refundable up-front fees.
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