Principal vs Agent: Gross or Net Revenue, and the Journal
This lesson is part of the course
In this lesson
You decide whether Brightline Systems is principal or agent for resold tablets and for its app marketplace, measure revenue gross or net, see the effect on the margin and record the journal.
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Lessons in this course
- The Five-Step Model: Finding the Performance Obligations Locked
- Transaction Price: Variable Consideration & the Constraint Locked
- Allocating the Price: Estimating SSPs & the Residual Approach Locked
- Over Time vs Point in Time: Progress with the Cost-to-Cost Method Locked
- Software Bundle: Licence, Support & Implementation Month by Month Locked
- Contract Assets, Contract Liabilities & the Deferred Revenue Roll-Forward Locked
- Contract Modifications: Separate Contract, Prospective or Catch-Up Locked
- Principal vs Agent: Gross or Net Revenue, and the Journal Locked