Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

REVENUE RECOGNITIONS

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › REVENUE RECOGNITIONS

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • July 14, 2021 at 8:24 pm #627753
    shaunak22
    Participant
    • Topics: 220
    • Replies: 41
    • ☆☆☆

    sir why is cost of completing a contract whose revene will be recognized over a period of time capitalized and not accounted for in pnl?

    July 14, 2021 at 8:54 pm #627771
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7171
    • ☆☆☆☆☆

    We are constructing an asset for the customer, so as it is built then we need to show this in the accounts prior to it being transferred to the customer.

    Thanks

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.