Contract and performance obligations
Bundled cold room, installation and maintenance: five steps and allocation of the price
≈ 35 minWorkpapers
Can you document your analysis and your accounting treatment like a professional? Each mission starts from a real file and ends with a review.
How a mission works
Numbered sections, like a professional working paper: objective, data, pieces, analysis, calculations, entries, conclusion; then a reviewer reviews.
- 1Objective
- 2Data
- 3Documents
- 4Analysis
- 5Calculation
- 6Entries
- 7Judgment
- 8Conclusion
- 9References
L1Foundation(4)
Foundation Foundation Allocating the transaction price
Cold room
Bundled cold room, installation and maintenance: five steps and allocation of the price · Situation 1 of 3
≈ 35 minFoundation Allocating the transaction price
Installation
Bundled cold room, installation and maintenance: five steps and allocation of the price · Situation 2 of 3
≈ 35 minFoundation Allocating the transaction price
Maintenance
Bundled cold room, installation and maintenance: five steps and allocation of the price · Situation 3 of 3
≈ 35 min
L2Intermediate(2)
Intermediate Determining the transaction price
Distributor: volume rebate, right of return and consideration payable to a customer
≈ 40 minIntermediate Specific arrangements
Distributor: volume rebate, right of return and consideration payable to a customer
≈ 50 min
L3Advanced(6)
Advanced Timing of revenue recognition and contract balances
Year 20X1
Construction contract: cost-based progress, modification and contract asset · Situation 1 of 2
≈ 45 minAdvanced Timing of revenue recognition and contract balances
Year 20X2 after modification
Construction contract: cost-based progress, modification and contract asset · Situation 2 of 2
≈ 45 minAdvanced Allocating the transaction price
Licence sold
Software publisher: loyalty programme, multi-year advance payment and costs of obtaining contracts · Situation 1 of 2
≈ 35 minAdvanced Allocating the transaction price
Loyalty discount voucher
Software publisher: loyalty programme, multi-year advance payment and costs of obtaining contracts · Situation 2 of 2
≈ 35 minAdvanced Determining the transaction price
Software publisher: loyalty programme, multi-year advance payment and costs of obtaining contracts
≈ 40 minAdvanced Contract costs
Software publisher: loyalty programme, multi-year advance payment and costs of obtaining contracts
≈ 35 min
L4Expert(17)
Expert Specific arrangements
Solvane Market marketplace
Group revenue review: principal or agent, warranties, gift cards and disclosures · Situation 1 of 2
≈ 50 minExpert Specific arrangements
Gift cards
Group revenue review: principal or agent, warranties, gift cards and disclosures · Situation 2 of 2
≈ 50 minExpert Revenue note
Group revenue review: principal or agent, warranties, gift cards and disclosures
≈ 35 minExpert Contract and performance obligations
Brévannes contract
Professional file: revenue review of an industrial and services group · Situation 1 of 3
≈ 35 minExpert Contract and performance obligations
Kervalo contract
Professional file: revenue review of an industrial and services group · Situation 2 of 3
≈ 35 minExpert Contract and performance obligations
Ostrevan order
Professional file: revenue review of an industrial and services group · Situation 3 of 3
≈ 35 minExpert Determining the transaction price
Kervalo acceptance bonus
Professional file: revenue review of an industrial and services group · Situation 1 of 2
≈ 40 minExpert Determining the transaction price
Montclair deferred payment
Professional file: revenue review of an industrial and services group · Situation 2 of 2
≈ 40 minExpert Allocating the transaction price
Brévannes — production line
Professional file: revenue review of an industrial and services group · Situation 1 of 2
≈ 35 minExpert Allocating the transaction price
Brévannes — maintenance
Professional file: revenue review of an industrial and services group · Situation 2 of 2
≈ 35 minExpert Timing of revenue recognition and contract balances
Brévannes line — 20X4
Professional file: revenue review of an industrial and services group · Situation 1 of 3
≈ 45 minExpert Timing of revenue recognition and contract balances
Kervalo contract — 20X4
Professional file: revenue review of an industrial and services group · Situation 2 of 3
≈ 45 minExpert Timing of revenue recognition and contract balances
Montclair delivery
Professional file: revenue review of an industrial and services group · Situation 3 of 3
≈ 45 minExpert Specific arrangements
Third-party suppliers' parts
Professional file: revenue review of an industrial and services group · Situation 1 of 2
≈ 50 minExpert Specific arrangements
Own-brand parts
Professional file: revenue review of an industrial and services group · Situation 2 of 2
≈ 50 minExpert Contract costs
Professional file: revenue review of an industrial and services group
≈ 35 minExpert Revenue note
Professional file: revenue review of an industrial and services group
≈ 35 min