安永拟上市上市企业在财务方面的考量.pptVIP

US GAAP Under US GAAP, specific standards exist that address certain service transactions within narrow industries (for example, customer support services offered by software vendors is addressed by SOP 97-2), but principles that specifically address the accounting for general service revenues do not exist. The FASB’s 1978 Invitation to Comment, Accounting for Certain Service Transactions, offered a framework for the accounting for service transactions but was never issued as a final statement. This guidance is often helpful when determining the appropriate revenue recognition for service contracts and is often referred to in practice; however, it does not provide authoritative GAAP. Accordingly, the revenue recognition criteria in SAB 104, which is based on the concepts relating to revenue recognition found in CON 5, should be applied when accounting for service transactions that are not specifically addressed by other authoritative literature. Revenue for service transactions should not be recognized before: Persuasive evidence of an arrangement exists Services have been rendered Amounts to be received as compensation for the services performed is fixed or determinable Collectability is reasonably assured Statement of Position 81-1, Accounting for the Performance of Construction-Type and Certain Production-Type Contracts (SOP 81-1), specifically scopes out service contacts. Therefore, the percentage of completion method, used under SOP 81-1, can not be applied to service contracts that are not within the scope of SOP 81-1. Under US GAAP, revenue from service transactions (AM R3.5, R3.57) generally should be recognized as the earnings process is completed, assuming the other basic revenue recognition criteria have been satisfied. Therefore, revenue from service transactions generally is recognized using one of the following methods: Specific performance method (具体表现方法） – Performance consists of the execution of a single act and revenue is recognized when that