Define the term revenue. Also explain the five-step model for the recognition and measurement of revenue which
Question:
Define the term "revenue". Also explain the "five-step model" for the recognition and measurement of revenue which is set out in international standard IFRS15.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
International Financial Reporting A Practical Guide
ISBN: 978-1292200743
6th edition
Authors: Alan Melville
Question Posted:
Students also viewed these Business questions
-
1. Enis falsely accuses Monalisa of stealing from Island Tours, Inc., their employer. Enis's statement is defamatory only if a. a third party hears it. b. Monalisa has not been caught. c. the...
-
List two other ways to name each angle. 1. W 2. y
-
Saks Incorporated disclosed the following note regarding its merchandise inventories for its January 31, 2004, financial statements: Merchandise Inventories and Cost of Sales Merchandise inventories...
-
Define the term "revenue". Also explain the "five-step model" for the recognition and measurement of revenue which is set out in international standard IFRS15.
-
Stargazer Recordings sells compact discs in two markets. The marginal cost of each disc is $2. Demand in each market is given by Q1 = 40 10P1 and Q2 = 40 2P2 where Q is thousands of compact discs....
-
An asset (asset A) has a return of 20% in upside state with probability of 0.4 and -10% downside state with probability of 0.6. a. What is the expected return of this asset? b. What is the return...
-
Consider the following sets of investment projects: Compute the equivalent annual worth of each project at i = 10%, and determine the acceptability of each project.
-
List the four main categories of employee benefits which are identified by international standard IAS19 and give examples of each category.
-
3.6 The summarized results of Louiss business for the three years to the end of 20X2 were as follows: 20X2 20X1 20X0 Revenue 291,318 282,400 269,340 Cost of sales (213,916) (206,420) (196,071)...
-
Anish Regmi E: anishregmi21@gmail.com | M: 0433 709 835 CAREER OBJECTIVE : A Bachelor of Business Information System Graduate is seeking a position as an IT help desk. Possess a skill in Microsoft...
-
The table below shows an economy's production possibilities for producing either pizza or beer. Pizza Beer 100 0 99 14 95 28 89 41 81 53 71 64 59 73 45 80 31 86 16 89 0 90 a) If the economy is...
-
1. Collect data on broad money growth (annual%) and inflation rate, consumer prices (annual %) in Norway from 1990-now, and Identify the highest and the lowest inflation rate periods. Discuss 2-3 key...
-
2. Let X= 1405 Suppose that the demand for the monopolist's product is given by q = X p and the total cost of production is c ( q ) = 10 q . (a) Suppose a price ceiling of $30 is imposed. What is the...
-
Explain the dual mandate of the Federal Reserve Bank. How does the federal funds rate influence employment and prices? Should the Fed use expansionary or contractionary monetary policy to combat high...
-
Determine the product of inertia for the cross-sectional area with respect to the x and y axes. Given: a = 4 in b = 1 in c = 6 in b.
-
The Higher the time period of the financial security the higher the. ............... risk. O a. Maturity O b. Default and Maturity Oc. Default O d. Liquidity
-
Sandra's entire income is derived from the letting of proper ty. Her income and expenditure in tax years 2015-16 through to 2017-18 are as follows: 2015-16 49,320 78,510 Total rental income Total...
-
Ursula owns a flat which was let to a tenant for the whole of tax year 2017-18 at a rental of 200 per week. Her expenditure during the year was as follows: The new sofa is superior to the sofa it...
-
Ryan owns a house which he lets to a tenant. Rent is payable monthly in advance on the 6th day of each month. For some years the rent has been fixed at 7,200 per annum but this was increased to 7,800...
-
25 The retained earnings account has a beginning balance of $326,475 and an ending balance of $357,213. Net income is $40,651. Which of the following statements is correct? $325,475 would be added...
-
Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021 Aug.1 Inventory on hand-3,000 units; cost $7.10 each. 8 Purchased 15,000...
-
Kent Inc. sells retractable screen doors and uses a perpetual inventory system to account for its merchandise. The beginning balance of screen doors and transactions during June of last year were as...
Study smarter with the SolutionInn App