Tag: interest income recognition

Sample Disclosure – Accounting Policy On Revenue Recognition (10 September 2009)

Revenue Recognition  Revenue is measured at the fair value of the consideration received or receivable net of sales tax, trade discounts and customer returns. Sale of goods Revenue from sale of goods is recognised when the following conditions are satisfied: ...

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Sample Disclosure – Revenue Recognition (2 December 2008)

Revenue recognition Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group and the revenue can be reliably measured. The following specific recognition criteria must also be met before revenue is recognised: i...

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