Yakub02
Banned
When the sum of the stand-alone selling prices of goods or services promised in a contract exceeds the promised consideration the customer is receiving a discount. The discount should be allocated entirely to one or more (but not all) performance obligations in the contract if all of the following criteria are met:
each distinct good or service (or each bundle of distinct goods or services) in the contract is sold regularly on a stand-alone basis;
a bundle (or bundles) of some of those distinct goods or services are sold regularly at a discount to the stand-alone selling prices of the goods or services in each bundle; and
such discounts are substantially the same as the discount in the contract.
a bundle (or bundles) of some of those distinct goods or services are sold regularly at a discount to the stand-alone selling prices of the goods or services in each bundle; and
such discounts are substantially the same as the discount in the contract.
A performance obligation might be satisfied (i.e. goods and services might be transferred):
over time (in which case revenue would be recognised over time); or
at a point in time (in which case revenue is recognised at that point in time). Performance obligations satisfied over time A company must identify at the inception of the contract whether a performance obligation will be satisfied over time or at a point in time.
each distinct good or service (or each bundle of distinct goods or services) in the contract is sold regularly on a stand-alone basis;
a bundle (or bundles) of some of those distinct goods or services are sold regularly at a discount to the stand-alone selling prices of the goods or services in each bundle; and
such discounts are substantially the same as the discount in the contract.
a bundle (or bundles) of some of those distinct goods or services are sold regularly at a discount to the stand-alone selling prices of the goods or services in each bundle; and
such discounts are substantially the same as the discount in the contract.
A performance obligation might be satisfied (i.e. goods and services might be transferred):
over time (in which case revenue would be recognised over time); or
at a point in time (in which case revenue is recognised at that point in time). Performance obligations satisfied over time A company must identify at the inception of the contract whether a performance obligation will be satisfied over time or at a point in time.
