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English to Spanish translations [PRO]
Bus/Financial - Accounting / billing | | English term or phrase: as billable | Prior to recognizing revenue, XXX must have reason to believe the amount billed will be collected. If collection of the invoice is doubtful at the time of billing, revenue should be deferred and recognized only upon receipt.
The revenue recognition methods used by XXX in acordance with SAB 101 are:
- As billable
- Straight-line
Contracts that do not meet the separation criteria in EITF 00-21 will be accounted for under SAB 101. Such deliverable will follow the same accounting as the milestone method of percentage of completion accounting if non-refundable milestone billibgs exist, or construct/build costs will be deferred s described in XXX's Cost Deferral Policy.
(...)
As-Billable REvenue REcognition
REvenue is recognized as the services are billed to the customer or accrued in accordance with XXX policy, provided the four criteria of SAB 101 are met. |
| | | segun la facturación | Explanation:
/ basándose en la facturación /
Ver:
"Interpretive Response: The staff believes that, provided all other revenue recognition criteria are met, service revenue should be recognized on a straight-line basis, unless evidence suggests that the revenue is earned or obligations are fulfilled in a different pattern, over the contractual term of the arrangement or the expected period during which those specified services will be performed,30 whichever is longer. In this case, the customer contracted for the on-going activity tracking service, not for the set-up activities. The staff notes that the customer could not, and would not, separately purchase the set-up services without the on-going services. The services specified in the arrangement are performed continuously over the contractual term of the arrangement (and any subsequent renewals). Therefore, the staff believes that Company A should recognize revenue on a straight-line basis, unless evidence suggests that the revenue is earned or obligations are fulfilled in a different pattern, over the contractual term of the arrangement or the expected period during which those specified services will be performed, whichever is longer."
(SAB 101)
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| Selected response from:
MPGS
Local time: 22:46
| Grading comment Gracias
4 KudoZ points were awarded for this answer |
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| Discussion entries: 0 |
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Automatic update in 00:
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6 mins confidence:  peer agreement (net): +1 facturable
Explanation:
Unas referencias:
Suerte!
Document 1
Subject Automation - Computer Science - Data Processing - Information Technology (AU)
Definition refers to activities the cost of which can be passed on to the principal
Reference Inf.wb.
(1)
TERM billable
Reference Inf.wb.
(1)
TERM facturable
BILLABLE are those costs and/or expenses that are covered under a contractual agreement between two entities that may be billed to the receiving entity.
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52 mins confidence:  segun la facturación
Explanation:
/ basándose en la facturación /
Ver:
"Interpretive Response: The staff believes that, provided all other revenue recognition criteria are met, service revenue should be recognized on a straight-line basis, unless evidence suggests that the revenue is earned or obligations are fulfilled in a different pattern, over the contractual term of the arrangement or the expected period during which those specified services will be performed,30 whichever is longer. In this case, the customer contracted for the on-going activity tracking service, not for the set-up activities. The staff notes that the customer could not, and would not, separately purchase the set-up services without the on-going services. The services specified in the arrangement are performed continuously over the contractual term of the arrangement (and any subsequent renewals). Therefore, the staff believes that Company A should recognize revenue on a straight-line basis, unless evidence suggests that the revenue is earned or obligations are fulfilled in a different pattern, over the contractual term of the arrangement or the expected period during which those specified services will be performed, whichever is longer."
(SAB 101)
Reference: http://www.sec.gov/interps/account/sab101.htm
Reference: http://www.google.es/search?hl=es&ie=ISO-8859-1&q=+SAB+101&b...
| MPGS
Local time: 22:46
Native speaker of:  Spanish
PRO pts in category: 32
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The translation workplace 
