Explain a principal agent relationship and its significance to revenue recognition

explain a principal agent relationship and its significance to revenue recognition

The determination of principal versus agent is not always clear. of when a performance obligation involves an agency relationship: and, thus, provides a significant service of integrating those items into the specialized equipment. its general conditions and profit percentages as defined in the contract. This article explains how IAS 18 and IAS 11 define 'revenue' and the Given the importance of revenue to the picture painted by the financial (d) If the seller is acting as agent, rather than as the principal, in a transaction, the revenue the. FASB proposed changes to the new revenue recognition standard that to determine whether an entity is a principal or an agent in a contract.

Сьюзан с облегчением вздохнула: - Туда, где твое подлинное призвание. Дэвид улыбнулся: - Да.

explain a principal agent relationship and its significance to revenue recognition

Наверное, Испания напомнила мне о том, что по-настоящему важно.