by Willie Tan | Aug 5, 2024 | Bookkeeping
Under Singapore Financial Reporting Standards (SFRS), specifically SFRS 15 “Revenue from Contracts with Customers,” non-refundable upfront fees are generally not recognised as revenue when received. Instead, these fees are considered part of the total...
by Willie Tan | Aug 5, 2024 | Bookkeeping
Under Singapore Financial Reporting Standards (SFRS), specifically SFRS 15 “Revenue from Contracts with Customers,” customisation or installation services can be considered separately from the related product sale under the following conditions: ...
