Search Elements:
Element was deprecated because the guidance from which this element is derived is no longer applicable.
2023
2023
- Taxonomy
- us-gaap
- Name
- RevenueRecognitionLongTermContracts - (DEPRECATED)
- Label
- Revenue Recognition, Long-Term Contracts [Policy Text Block]
- Period Type
- duration
- Type
- dtr-types:textBlockItemType
- Definition
- Disclosure of accounting policy for revenue recognition for long-term construction or production type contracts. This disclosure may include the method or methods used to determine earned revenues and the cost of earned revenue, including the policies relating to combining and segmenting, and accounting for indirect costs, contract incentives and costs included in inventory, if applicable. For contracts accounted for under the percentage-of-completion method the entity also generally discloses its method(s) of measuring the extent of progress towards completion. For contracts accounted for under the completed-contract method, the entity may disclose the specific criteria it uses to determine when a contract is substantially completed. If the entity departs from its basic accounting policy (namely percentage-of-completion or completed-contract method) for a single contract or a group of contracts, such a departure may be disclosed.