AXAPTAMANIAC: Straight Line Revenue Recognition

Standard calculation for straight line revenue recognition is as follows:

Original contract value = 12000

Original contract value

Actual start date = 1st July 2018

Actual end date = 30th June 2019

Start and End dates

Estimation for first three periods (months)

Estimation for first 3 months

Calculation for Accrued revenue is as follows:

Accrued revenue = (Total contract value /…