RAR · PRACTICE MAP 01
Contracts & allocation
01Operational source documents+
Identify the sale or other supported operational event feeding the revenue-accounting process.
02Revenue accounting items+
Understand the input context used to build or update revenue contracts.
03Revenue contracts+
Review the contract structure, currency and relationship with the operational source.
04Performance obligations+
Distinguish the promises being accounted for and their relationship to contract items.
05Standalone selling prices+
Read the values and rules used by the configured allocation example.
06Transaction-price allocation+
Explain how contract consideration is distributed across the obligations.