Præstationsforpligtelse

Præstationsforpligtelse, often translated as performance obligation, is a key concept in accounting standards, particularly IFRS 15 and ASC 606. It refers to a distinct promise within a contract to transfer goods or services to a customer. A good or service is considered distinct if the customer can benefit from it either on its own or together with other resources that are readily available to the customer, and if the promise to transfer the good or service is separately identifiable from other promises in the contract. The identification of distinct performance obligations is crucial because revenue is recognized when control of the promised goods or services is transferred to the customer, in an amount that reflects the consideration the entity expects to be entitled to in exchange for those goods or services. This means that if a contract contains multiple promises, each distinct performance obligation must be accounted for separately. This often involves allocating the total transaction price to each distinct performance obligation based on their relative standalone selling prices. Understanding and correctly identifying præstationsforpligtelser ensures that revenue is recognized in the appropriate period, reflecting the economic substance of the transaction.