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Chapter 4

Revenue

Outcome

By the end of this session you should be able to:

 discuss and apply the five step model that relates to revenue earned from a
contract with a customer

 discuss and apply the criteria that must be met before an entity can apply the
revenue recognition model to that contract

and answer questions relating to these areas.

The underpinning detail for this chapter in your Integrated Workbook can
be found in Chapter 4 of your Study Text

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