CTHRepealedLegislation
AASB 118 - Revenue - July 2004
Illustrative ExamplesIllustrative Examples
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Illustrative Examples
These illustrative examples accompany, but are not part of, AASB 118. The examples focus on particular aspects of a transaction and are not a comprehensive discussion of all the relevant factors that might influence the recognition of revenue. The examples generally assume that the amount of revenue can be measured reliably, it is probable that the economic benefits will flow to the entity and the costs incurred or to be incurred can be measured reliably.