Controlling of receivable

Receivable is one of asset in company. this very important how company can manage this asset. in IFRS for reporting accounting before company doing sales how make;

The Proposal
As described by the FASB and IASB, the core
principle outlined in the Exposure Draft would
require an entity to recognize revenue to depict
the transfer of goods or services to customers in
an amount that reflects the consideration that it
receives, or expects to receive, in exchange for
those goods or services.
To apply that principle, an entity would:
a) identify the contract(s) with a customer;
b) identify the separate performance obligations
in the contract;
c) determine the transaction price;
d) allocate the transaction price to the separate
performance obligations; and
e) recognize revenue when the entity satisfies
each performance obligation.
The Exposure Draft also provides guidance on
how to account for contract costs, outlining
requirements for when costs should be expensed
as incurred or capitalized as an asset.