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Financial Accounting > Chapter 4- Revenue Recognition > Flashcards

Chapter 4- Revenue Recognition Flashcards

1
Q

What are revenue’s?

A

tangible (goods) and intangible (services), inflows of economic benefit from a company’s activities

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2
Q

revenue recognition approches

A

IFRS- contract-based approach, ASPE- earnings-based approach

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Financial Accounting (11 decks)

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