Step 5: Recognise revenue
{"Image DocumentName": "Step 5: Recognise revenue", "Image ImageDescription": "14. A summary of the paragraph 35(b)(iii) criteria. A performance obligation is satisfied over time if: the entity\u2019s performance does not create an asset with alternative use to the entity; and. the entity has a right to payment for performance completed to date and it expects to fulfil the contract as promised. The right to payment must approximate the selling price of the goods or services transferred to date rather than for only the entity\u2019s potential loss of profit if the contract is terminated. Example: consulting services.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}