Recognise revenue_ACCA考试AA知识点

Recognise revenueACCA考试AA知识点来啦！2021年ACCA考试时间越来越近，小编为大家整理了Recognise revenue_ACCA考试AA知识点，希望能够帮助到大家。

【科目】

ACCA-AA

【知识点】

Recognise revenue

Revenue is recognized when the entity satisfies a performance obligation by transferring a promised good or service to a customer. 

For each performance obligation, entity must determine at contract inception whether it satisfy over time （recognize revenue overtime） or satisfy at a point in time （recognize revenue at one point）. 

Revenue recognized at a point in time 

Revenue recognized at a point in time when customer obtains control of a promised asset. 

Control of an asset refers to the ability to direct the use of, and obtain substantially all of the remaining benefits from, the asset. 

The followings are indicators of the transfer of control: 

·The entity has a present right to payment for the asset 

·The customer has legal title to the asset 

·The entity has transferred physical possession of the asset 

·The customer has the significant risk and rewards of ownership of the asset 

·The customer has accepted the asset

Revenue recognised over time 

Recognise revenue over time if one of the following criteria is met

·The customer simultaneously receives and consumes the benefits provided by entity’s performance as the entity performs 

·The entity’s performance creates or enhances an asset （e.g. WIP） that customer controls as the asset is created or enhanced, 

·The entity’s performance does not create an asset with an alternative use to the entity and the entity has an enforceable right to payment for performance completed to date 

Revenue is recognized overtime by reference to its progress to completion. The methods of measuring progress include: 

·Output method （survey of performance, or time elapsed） 

·Input method （cost incurred as a proportion to the total expected costs） 

If progress cannot be reliably measured, revenue can only be recognized up to the recoverable costs incurred. 

以上就是小编为大家整理的Recognise revenue_ACCA考试AA知识点了，希望大家能够认真学习，倒计时，预祝到家顺利通过ACCA考试。

注：以上内容来自Claire老师冲刺串讲班

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