Member since ‎06-13-2007

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Change is the name of game and world is ever evolving and so are accounting standards. One such accounting standard is IFRS15 or ASC606 which stipulated the 5-step rule for accounting and reporting for revenue recognition.  IFRS 15 and ASC606 became ...
During transaction processing in Revenue accounting and Reporting, many time the performance obligations might be put in suspended status. This can happen automatically in case of conflicts (price allocation or a spreading conflict) or might be trigg...