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Revenue recognition (education session)

Date recorded:

The IASB held an education session to discuss the following in the context of the 2011 ED:

  • Clarifications to the time value of money requirement; and
  • Application of the term ‘customer’ in the context of arrangement under which an entity promises to transfer benefit to an entity other than the customer.

No decisions were taken at this session. Observer notes for the session are incorporated into the meeting notes for the revenue recognition session held on 27 September 2012.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.