Revenue recognition

Books 2 Byte
Technical Guide on Revenue Recognition for Software
Research Committee of the Institute of Chartered Accountants of India
( http://www.icai.org/)

Software revenue

In the case of licensed software, delivery may be considered to be complete for revenue recognition purposes upon the commencement of the licence term even if the licence is delivered and payment also received earlier, states the Research Committee of the Institute of Chartered Accountants of India in ‘Technical Guide on Revenue Recognition for Software’.

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