Page 51 - SBR Integrated Workbook STUDENT S18-J19
P. 51

Revenue




               1.4   Step 3: Determine the transaction price

                             The transaction price is the consideration that the selling entity will be
                             entitled to once it has fulfilled the performance obligations in the
                             contract.


                             There are a number of issues to consider here:




                                  Variable
                              consideration                                Financing









                                               Transaction price







                              Consideration
                                                                           Non-cash
                                 payable to
                                 customer                               consideration































                                                                                                       45
   46   47   48   49   50   51   52   53   54   55   56