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Revenue Recognition
A presentation by-
Ridhi Khanna
26 1
What Are Accounting Standards ?
2
What Is “REVENUE RECOGNITION” ?
1. Sale of goods.
2. Rendering of services .
3. From interest, dividend, royalty.
4
AS9 does not deal with the following types of
revenue:-
5
REVENUE RECOGNITION
1. Sale of goods
2. Rendering of services
3. From interest ,dividend ,royalty
6
1. Sale of Goods
• Revenue should be recognized if all of following conditions are
satisfied
7
2. Rendering of Services
METHODS
8
2. Rendering of Services
• Revenue should be recognized if all the following conditions are
satisfied
9
3. Revenue from Dividend, Interest ,Royalty
10
• Performance has been completed
B
DIVIDEND
when the owners right to dividend has been established
INTEREST
When the time period have expired
ROYALTY
Condition of royalty agreement have been satisfied
11
DISCLOSURE REQUIREMENT
Accounting
Standard
9
12
QUESTIONS ?
• Please Ask any question followed by slide number
THANK YOU
For your valuable time.