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Contract accounting ifrs15

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edited Apr 7, 2019 9:50AM in Revenue Management 1 comment

Summary

Accounting for Revenue and the related costs

Content

We have a contract with customer with duration of 20 years.  The revenue and cost needs to be accounted using IFRS15 rules over a span of 20 years. 

Can we use revenue accounting to achieve the accounting requirements ?  How we can account the cost entries using same rules.

We are using Fusion ERP modules without OM

 

REgards

 

Version

19A
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