1,昨天阅读从FR的Recognition of revenue的step 3: Determine the transacion price of the contract.到P299 Disclosure结尾
2,Determine transaction price of the contract, then Allocate to each performance obligation and finally recognise revenue when each performance obligation is satisfied.
3,There are four effects to be considered when determine total price, each effect is explained in detail. Note that transaction price instead of contract price to avoid confusion like contract price for each item or obligation. Refund liability is not incl in transaction price. Example 3.5 will be in exam. Rebate and discount and other encourage consideration is reduction to transacion price. Example 3.8 will be in exam. Finally the contract cost is also required to be recognised.
4, Reading time 5 hours.
5, First post so 5 hours so far.