Revenue recognition for installment sales at PT. Hasjrat Multifinance Kendari Branch

Abstract

The purpose of this study was to determine revenue recognition for installment sales at PT Hasjrat Multifinance Kendari Branch during 2020. This research uses primary data in the form of interviews with staff and treasurer of PT Hasjrat Multifinance Kendari Branch. As for secondary data, namely data obtained from bookkeeping or recording evidence related to revenue recognition. The analysis method used in this research is descriptive analysis method. The recording of revenue recognition carried out by the company is in accordance with the Statement of Financial Accounting Standards, because the receipt of an advance from the buyer means that the company has transferred significant risks and has transferred the benefits of ownership to the buyer. The company no longer manages or exercises effective control over the goods sold.