Tag: sale of goods recognition

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 – 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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