Revenue Recognition Sample Clauses
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Revenue Recognition. 1) Income from Shares & Securities trading is recognized as income or loss on the date of actual trade.
2) Income in respect of derivative contracts are accounted in respect of expired contracts.
3) In respect of option contracts open as on balance sheet date, the net premium paid or received is carried forward to the balance sheet as financial assets or financial liabilities. The unrealized gain or loss measured on fair valuation is shown as financial assets or financial liabilities as per IND AS 109 Financial Instruments.
4) In respect of futures contracts open as on balance sheet date, the net mark to market paid or received is carried forward to the balance sheet as financial assets or financial liabilities. The unrealized gain or loss measured on fair valuation is shown as financial assets or financial liabilities as per IND AS 109 Financial Instruments.
5) The dividend income is accounted for when the right to receive the payment is established whereas, interest income and other income is accounted on accrual basis.
Revenue Recognition. The Authority recognizes revenues in the period in which they are earned. For example, taxes, rent and aircraft handling revenues are recognized when the related service is provided.
Revenue Recognition. Is measured based on the consideration specified in a contract with a customer and excludes amounts collected on behalf of third parties. Quiport recognizes revenue when it transfers control of a product or service to a customer. The Corporation recognizes revenues from the following major sources:
Revenue Recognition. The parties agree that Fees are intended to ------------------- be recognizable revenue of TMOL. If this Article does not accomplish the intended purposes, the parties will negotiate in good faith to make appropriate revisions to achieve the intended purpose.
Revenue Recognition. “The Parties agree to amend the Agreement if and to the extent necessary to comply with relevant guidance and pronouncements from applicable authorities (as such guidance and pronouncements are reasonably interpreted by Walmart) as to revenue recognition; provided, however, that no such amendment shall materially change the economic and other material provisions of this Agreement in a way that is adverse to a Party.”
Revenue Recognition. We recognize revenue from sales when title transfer and products are shipped. We classify amounts billed to customers for shipping and handling as revenues, with the related shipping and handling costs included in cost of goods sold. By-product sales (included in other revenues) are also recorded upon shipment. We have entered into agreements with some of our customers, whereby they earn rebates from us when the volume of their purchases of our product reach certain agreed upon levels. Rebates are recognized as a reduction in revenues as earned.
Revenue Recognition. Effective July 1, 1997, the Company elected early adoption of the provisions of Statement of Position ("SOP") 97-2, Software Revenue Recognition, which was issued on October 27, 1997 by the Accounting Standards Executive Committee of the AICPA ("AcSEC"). SOP 97-2, which supersedes SOP 91-1, significantly changes the Company's recognition of license fees for third-party databases and proprietary software. Prior to the adoption of SOP 97-2, the Company recognized these revenues upon shipment. The Company's costs of fulfilling its obligations under the terms of the database subscriptions, which are insignificant, were accrued at the time of delivery. Under the provisions of SOP 97-2, license fees for third-party databases and the Company's proprietary software are recognized on a straight-line basis over the term of the contract, generally one year. Royalty costs associated with the license fees for third-party databases and fulfillment costs are also recognized over the same period. Under its transitional provisions, SOP 97-2 specifically prohibits retroactive application and requires prospective adoption only on transactions entered into on or after the effective date. The effect of this accounting change was to increase the loss before income taxes, net loss and net loss per common share (both basic and fully diluted) by $6,125, $6,373 and $1.06, respectively, in the year ended December 31, 1997. Pro forma total revenues, pro forma gross profit, pro forma income (loss) from operations, pro forma net income (loss) and pro forma net income (loss) per common share (both basic and fully diluted) for the years ended December 31, 1997 and 1996 and the six months ended June 30, 1998 and 1997, assuming the Company had always followed the provisions of SOP 97-2, are presented on the Consolidated Statements of Operations.
Revenue Recognition. Revenues from the provision of services are recognized by the Company when the services are actually provided.
Revenue Recognition. For the fiscal quarter beginning April 1 and ending June 30, 2000, and without regard to the Effective Date of this Agreement, InterMune shall be entitled to book and recognize Actimmune Net Sales for sales of all Actimmune Units and the Actimmune Gross Margin. Effective July 1, 2000, InterMune shall be entitled to book and recognize all revenues, sales, margins, etc. from the sales of Actimmune.
Revenue Recognition. The Company and the Company Subsidiaries have not recognized and do not recognize revenues from customers in advance of performing the services or furnishing the products for which the revenues were or are received.