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Chapter 12
Revenue
Outcome
By the end of this session you should be able to:
explain and apply the five step model that relates to revenue earned from a
contract with a customer
explain and apply the revenue recognition criteria where performance
obligations are satisfied over time or at a point in time
describe acceptable methods for measuring progress towards performance
obligation satisfaction
explain and apply criteria for recognition of contract costs
and answer questions relating to these areas.
The underpinning detail for this Chapter in your Integrated Workbook can
be found in Chapter 12 of your Study Text
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