Answer the following questions:

Concept and scope of sale of Goods as per IAS 18 (15marks)
– Background and introduction
– Scope
– Initial recognition and measurement of revenue
– Concept of Sale of good with illustrations from real companies
– Disclosure
Describe the procedure of revenue recognition from rendering services with illustrations (5marks)
Describe the procedure of revenue recognition of software companies with examples from real companies (5 marks)
Discuss the principles of Revenue Recognition of Airline Companies with examples (5 marks)
Explain the revenue recognition process of Construction Contracts with examples (10 marks)
Discuss the criteria of revenue recognition of service concession arrangements with examples (5 marks)
Discuss the criteria of revenue recognition for customer loyalty programs with examples (5marks)
Discuss the accounting treatment of revenue from agreements for the construction of Real Estate with examples (5marks)
Discuss the accounting treatment for the rendering of services and sale of goods with examples (5marks)
Explain the process of revenue recognition with examples while transferring of assets from customers (5marks)
Discuss the accounting treatment while exchanging of goods and services (5marks)
Discuss the revenue recognition criteria of Telecommunication company selling talk time through scratch cards (5marks)
Explain the revenue recognition process in case of subscription received from newspapers and magazines (5marks)
Discuss the criteria of revenue recognition with examples when goods are sold under " Sale or Return" (5marks)
Discuss the revenue recognition principles for Media Company when the advertisements are aired even if the payment is not received or received in advance (5marks)
Cite References in APA form (5marks)
Overall presentation of the information and document (5marks)