Summary key points
approved by both
parties (agreement)
Commercial substance
① Contract
Probable collection of
goods or services
element
Separate
② Performance obligations Customer benefit from
on its ow n
can
good or service
distinct
Promise to transfer identifiable
separately
is
Not used to modify or customise
Not significantly
another
good or service
integrated
Not
highly interrelated
with another good
Amount expecting
to
be entitled to
③ Transaction Excludes for
price
collected 3rd
amounts
parties
Variable Considerations
Sale with
right Significant financing
of return TVM (Interest expense Income)
component
.
Trade andSettlement discounts
b b ↑
Immediately Net Revenue to amount entitled
to .
Recognize allowance for Sp
approved by both
parties (agreement)
Commercial substance
① Contract
Probable collection of
goods or services
element
Separate
② Performance obligations Customer benefit from
on its ow n
can
good or service
distinct
Promise to transfer identifiable
separately
is
Not used to modify or customise
Not significantly
another
good or service
integrated
Not
highly interrelated
with another good
Amount expecting
to
be entitled to
③ Transaction Excludes for
price
collected 3rd
amounts
parties
Variable Considerations
Sale with
right Significant financing
of return TVM (Interest expense Income)
component
.
Trade andSettlement discounts
b b ↑
Immediately Net Revenue to amount entitled
to .
Recognize allowance for Sp
