Tag: revenue recognition policy

Sample Disclosure – Revenue Recognition Policy For Sale Of Goods (6 May 2011)

Revenue recognition Revenue from sale of goods is measured at fair value of the consideration received or receivable and is recognised in the statement of comprehensive income of the Company when significant risks and rewards of the ownership of the goods have...

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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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