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Jenit Parmar


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Revenue Recognition: Standalone Selling Price (SSP)

Thu, Jan 28, 2016 @ 05:48 AM / by Jenit Parmar posted in revenue recognition, RevRec 5-Step Model

Things you Need to Know About SSP:

In the Five Step Revenue Recognition process, Step Four requires that entities allocate the Transaction Price to each Performance Obligation (POB) based on its relative Standalone Selling Price. The Standalone Selling Price is the price at which the entity would sell a good or service separately to a customer.

 

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