Separate Amount Warranty Grátis
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2020-07-02
Separate Amount Warranty Feature
Introducing the Separate Amount Warranty feature, designed to give you peace of mind when making significant purchases. This feature allows you to manage warranty amounts separately for each item, ensuring greater control over your investment.
Key Features:
Ability to set individual warranty amounts for each product
Clear tracking of warranty periods and claims
User-friendly interface for easy management
Custom alerts for upcoming warranty expirations
Integration with your existing purchase records
Potential Use Cases and Benefits:
Easily manage warranties for multiple items such as electronics, appliances, or vehicles
Streamline warranty claims by knowing exactly how much coverage each item has
Reduce the risk of unexpected repair costs and ensure proper maintenance
Enhance budgeting by tracking warranty costs associated with your purchases
Increase overall satisfaction by minimizing warranty-related stress
The Separate Amount Warranty feature solves your problem by providing clarity and control. Instead of worrying about the standard warranty coverage, you can set and manage amounts tailored to each product. This personalized approach ensures you are always prepared for any issues that may arise, ultimately protecting your investment.
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Is warranty a separate performance obligation?
Generally, assurance-type warranties are not considered a separate performance obligation. These types of warranties do not provide an additional good or service to the customer, because the selling entity has effectively provided a guarantee of quality and that the product will meet its agreed-upon specifications.
Is a warranty a performance obligation?
If a warranty, or a part of a warranty, provides a customer with a service in addition to the assurance that the product complies with agreed-upon specifications, the promised service is a performance obligation. Therefore, an entity should allocate the transaction price to the product and the service.
What is warranty obligation?
Warranty Obligations means all liabilities and obligations arising out of or relating to the repair, rework, replacement or return of, or any claim for breach of warranty in respect of or refund of the purchase price of, any Business Products.
What is a service type warranty?
Service-type warranties those are warranties that provide something additional to the mere assurance, for example they provide some extra services. These warranties give rise to a separate performance obligation, because they provide additional service to the customer, and they are accounted for under IFRS 15.
What is a performance obligation in accounting?
A performance obligation is a promise to provide a distinct good or service to a customer. This is the unit of account for applying the new revenue standard. Goods and services that aren't distinct are bundled together with other goods or services in a contract until a single performance obligation is achieved.
Is shipping a separate performance obligation?
Shipping is not a separate performance obligation when an entity controls the goods until they are unloaded. An entity recognizes revenue when it satisfies a performance obligation by transferring a promised good or service to a customer.
What is a separate performance obligation?
A performance obligation is a promise to provide a distinct good or service to a customer. When there are multiple promises in a contract, companies will need to determine whether those goods or services are distinct, and therefore separate performance obligations.
How is a performance obligation defined?
”An entity's performance obligation is a promise in a contract with a customer to transfer an asset (such as a good or a service) to that customer or to that customer's nominee as per the terms of the contract.”
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