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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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