March 2013
Intermediate to advanced
162 pages
3h 51m
English
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Accounting for Fees Received in Advance from Customers
Customers who want to access certain service provider’s offerings may be required to pay a portion of the total value of the service as an up-front fee. The question for the company is how much, if any, of the advance fee should be recognized as revenue. Generally, an up-front fee provides the customer with access to services over a period of time. For example, Health Clubs frequently require a member to pay an up-front fee as well as an ongoing fee in order for the member to access their services. In this case, the up-front fee would be deferred revenue and apportioned as revenue over the length of the contractual term.
In other instances, a service provider may assess an up-front fee as ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.