Revenue Recognition
Invoicing and revenue are not the same event. Five steps, the schedule they produce, and the deferred revenue that falls out of it.
14 steps · 10 questions · 8 screens on this shelf
The screens on this shelf
- Revenue Contracts Invoicing and revenue are not the same event, and this is where the difference is held. Allocation is a decisi
- Performance Obligations A promise that is distinct. Three lines on an order can be one obligation, and one line can be three — and the
- Billing Schedule What has actually been invoiced against a contract, which the recognition schedule knows nothing about and the
- Recognition Schedule Written forward for the whole term at the moment of allocation, so a deferred revenue waterfall is a query and
- Revenue Runs Step 5, per period. A contract whose allocation is stale is reported as an exception rather than recognised on
- Revenue Waterfall What is still deferred and which period it will be earned in — the IFRS 15 disclosure, and what a board calls
- Revenue Templates How a kind of obligation is earned, so "monthly subscription" means the same thing on every contract and a new
- Standalone Selling Prices What a thing is worth on its own. Step 4 of the standard cannot be done without it, and an estimated price has
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