Lesson60 seconds
What is Contract Asset?
earned under a contract before you have an unconditional invoice right.
Step 1 of 9
Simple Definition
A contract asset is an entity's right to consideration for goods or services already transferred when that right is conditioned on something other than the passage of time (for example remaining performance).
Explanation level
Tap a persona to hear the same idea in a totally different voice.
Try “Like I'm 5™” for a picture-book version - not the grown-up wording above.
Notebook
Your notes
Notes save automatically on this device
Knowledge graph
Done Here Next