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What is Performance Obligation?
A distinct promise in a contract to deliver a good or service to the customer.
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Simple Definition
A performance obligation is a promise in a contract with a customer to transfer a distinct good or service (or a bundle), which is the unit of account for .
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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.
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