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Chapter 7

Revenue

Outcome

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

 understand the principles of accounting for revenue from sales of both goods
and services

 discuss the principles of substance over form and apply them to sale and
buyback, consignment stock and factoring arrangements

and answer questions relating to those areas.

The underpinning detail for this chapter in your Integrated Workbook can be
found in Chapter 7 of your Study Text.

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