Examples of Deferred commission in a sentence
Deferred commission costsCosts incurred to obtain or fulfill a contract with a customer were previously expensed as incurred.
Deferred commission income is presented under other liabilities and provisions in the accompanying consolidated financial statements.Liability adequacy test: At each reporting date, a liability adequacy test is performed, to ensure the adequacy of unearned premiums net of related deferred acquisition costs.
Deferred commission cost assets Under IFRS 15, we defer incremental commission costs paid to internal and external representatives as a result of obtaining contracts with customers as deferred commission cost assets and amortize them to operating expenses over the pattern of the transfer of goods and services to the customer, which is typically evenly over either 12 or 24 consecutive months.
Deferred commission incomes are amortized systematically over the life of the contracts at each reporting date.
Deferred commission cost assetsWe defer the incremental cost of obtain or fulfill a contract with a customer over their expected period of benefit to the extent they are recoverable.
Deferred commission income relates to commissions received on ceded reinsurance businesses but not yet earned as at reporting date.
Deferred commission cost assetsWe defer the incremental cost to obtain or fulfill a contract with a customer over their expected period of benefit to the extent they are recoverable.
The employee must then be paid extra compensation at one-half of that rate for each hour worked in excess of the applicable max- imum hours standard.§ 778.119 Deferred commission pay- ments—general rules.If the calculation and payment of the commission cannot be completed until sometime after the regular pay day for the workweek, the employer may dis- regard the commission in computing the regular hourly rate until the amount of commission can be ascertained.
Other Liabilities These include: 7,101 7,7668,944 9,3133,224 3,384 19,269 20,4632014 2013 Payables and accrued expenses Insurance balances payable Deferred commission income Total Insurance balances payable include amounts payable to reinsurers and brokers.
Deferred commission is calculated on a pro-rata basis in respect of each insurance policy.