Page 115 - HKCAAVQ AR 2018-19
P. 115
Financial Report ৌਕజѓ
Notes to the Financial Statements (continued)
ৌਕజڌڝൗᚃ
For the year ended 31 March 2019 ࿚Їɚཧɓɘϋɧ˜ɧɤɓ˚˟ϋܓ
3. Significant Accounting Policies 3. ˴ࠅึࠇ݁ഄᚃ
(continued)
Revenue from contracts with customers ԸІ܄˒Υߒʘϗू࣬
(upon application of HKFRS 15 in ኽڝൗ2ʕٙཀನૢಛᏐ
accordance with transitions in note 2) ͜࠰ಥৌਕజѓۆୋ15
(continued) ᚃ
Over time revenue recognition: measurement ݔࣛݬϗूᆽႩj˸ҁϓᄵБ່
of progress towards complete satisfaction of a ਕٙආ࢝ઋرፅඎ
performance obligation
Input method ፩ɝج
The progress towards complete satisfaction of a performance ҁϓᄵБ່ਕٙආ࢝ઋر݊ܲ፩
obligation is measured based on input method, which is to ɝجԸፅඎdу͉҅࣬ኽމᄵБ່
recognise revenue on the basis of the Council’s efforts or inputs ਕʘʈЪආܓא༟๕ҳɝd࿁
to the satisfaction of a performance obligation relative to the ᄵБ່ਕהცٙཫಂҳɝᐼᕘϾ
total expected inputs to the satisfaction of that performance ᆽႩϗɝdவ݊௰ঐႭ͉҅ί
obligation, that best depict the Council’s performance in ʹيאਕછՓᛆ˙ࠦٙڌ
transferring control of goods or services. ତf
Performance obligations for revenue from contracts ԸІၾ܄˒ᖦࠈΥߒٙϗूᄵߒ
with customers ່ਕ
Revenue from accreditation services is recognised over time મ͜፩ɝجᏐࣛݬᆽႩٙ൙
using input method. ᄲਕϗूf
Revenue from advisory services is recognised over time using મ͜፩ɝجᏐࣛݬᆽႩٙፔ
input method. ༔ਕϗूf
Revenue from consultancy and qualifications assessment ܄˒ᐏ࿁ਕٙછՓࣛᆽႩ
services are recognised at a point in time when the customer ٙᚥਪձ༟ዝ൙Пਕϗूf
obtains the control of the services.
Revenue from qualifications registry services is recognised over ͉҅ԶᗫਕٙΥߒಂග
the contract period when the relevant services are provided by ᆽႩٙ༟ዝΤ̅ਕϗूf
the Council.
Hong Kong Council for Accreditation of Academic and Vocational Qualifications 115
࠰ಥኪஔʿᔖุ༟ዝ൙ᄲ҅
