Applying financial reporting standards can be quite complex. The BDO team can help you assess your situation and prepare for the opportunities and challenges involved.
This publication gives a high-level overview of Handbook Section 3400, Revenue, in Part II of the CPA Canada Handbook – Accounting. The publication provides guidance on:
- recognition and measurement of revenue, including revenue from the sale of goods
- rendering of services
- interest
- royalties
- dividends
It also provides guidance on when performance criteria are met.