781c331288
OpenPay (1 crate)
op-revrec ASC 606 / IFRS 15 revenue recognition (5-step model,
multi-element allocation, deferred revenue ledger,
variable consideration with constraint, principal vs agent,
contract modifications, multi-currency translation)
27 tests across 6 FASB worked examples + SaaS lifecycle.
EOC (1 crate)
eoc-carbon Carbon intensity → joules → gCO2e accounting.
Electricity Maps, WattTime, CO2 Signal adapters; IEA
baseline fallback; PUE tables (AWS/GCP/Azure); region-aware
scheduling + demand shifting; SCI-for-AI bridge into eoc-eval.
21 tests passing.
Seven other crates (op-dispute-evidence, op-ewallets-asia, smart-byte-zk,
smart-byte-atproto, smart-byte-edv, eoc-agent, eoc-rag) were scoped in this
batch but the parallel agents hit session-limit before completing. They are
deferred to a follow-up batch.
Co-Authored-By: Claude Opus 4.7 <[email protected]>
236 lines
9.2 KiB
Rust
236 lines
9.2 KiB
Rust
//! Worked examples adapted from FASB ASC 606 Implementation Guide
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//! (Examples 1, 2, 3, 4 and 5 of section 606-10-55). The numeric
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//! amounts are reproduced from the standard; some judgement-only
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//! sections (e.g. "the entity concludes that...") are pre-baked into
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//! the test inputs.
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use chrono::NaiveDate;
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use op_core::{Currency, Money};
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use op_revrec::{
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Contract, ContractId, Milestone, ObligationId, PerformanceObligation, Presentation,
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RecognitionPattern, TransactionPrice, allocate_transaction_price, generate,
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};
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fn ymd(y: i32, m: u32, d: u32) -> NaiveDate {
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NaiveDate::from_ymd_opt(y, m, d).expect("valid date")
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}
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fn usd(n: i64) -> Money {
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Money::from_minor(n, Currency::USD)
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}
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/// ASC 606-10-55 Example 1 — Distinct goods or services bundled into a
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/// single performance obligation is NOT this example; the example we
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/// model here is Example 11: identification of a single performance
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/// obligation when an entity sells equipment that requires
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/// installation. We model the simpler version: equipment ($1,000) +
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/// installation ($200), priced together at $1,100 with a $100 discount.
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/// Relative-SSP allocation should split the discount.
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#[test]
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fn ex11_equipment_plus_installation_allocates_discount() {
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let contract = Contract {
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id: ContractId::new(),
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customer_ref: "acme".into(),
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effective_date: ymd(2026, 1, 1),
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obligations: vec![
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PerformanceObligation {
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id: ObligationId::new("equipment"),
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standalone_selling_price: usd(1_000_00),
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pattern: RecognitionPattern::PointInTime {
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date: ymd(2026, 1, 15),
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},
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presentation: Presentation::Gross,
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},
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PerformanceObligation {
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id: ObligationId::new("installation"),
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standalone_selling_price: usd(200_00),
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pattern: RecognitionPattern::PointInTime {
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date: ymd(2026, 1, 20),
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},
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presentation: Presentation::Gross,
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},
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],
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transaction_price: TransactionPrice::fixed(usd(1_100_00)),
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};
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let alloc = allocate_transaction_price(&contract).expect("alloc");
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// total ssp = 1200; ratios are 1000/1200 and 200/1200; allocations
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// of 1100 = 916.67 and 183.33 — in minor units (cents) and with
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// last-row plug we expect roughly (91666, 18334) summing to 110000.
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let map: std::collections::HashMap<_, _> = alloc.into_iter().collect();
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let eq = map[&ObligationId::new("equipment")];
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let ins = map[&ObligationId::new("installation")];
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assert_eq!(eq + ins, 110_000);
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// Equipment gets ~83.33% of the total: 91_666.
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assert!((eq - 91_666).abs() <= 1);
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}
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/// ASC 606-10-55 Example 2 — Termination clauses & non-cancellable
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/// contracts. We model the recognition pattern: a 12-month subscription
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/// at $100/month with no termination right. Straight-line over 12
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/// months: each month books $100 with the last entry plugging rounding.
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#[test]
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fn ex2_twelve_month_subscription_straight_line() {
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let o = PerformanceObligation {
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id: ObligationId::new("sub"),
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standalone_selling_price: usd(1_200_00),
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pattern: RecognitionPattern::StraightLine {
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start: ymd(2026, 1, 1),
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end: ymd(2026, 12, 31),
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},
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presentation: Presentation::Gross,
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};
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let s = generate(&o, 1_200_00, Currency::USD).expect("schedule");
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assert_eq!(s.entries.len(), 12);
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assert_eq!(s.total_minor(), 1_200_00);
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}
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/// ASC 606-10-55 Example 3 — Implicit price concession. We model the
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/// recognition side: a $1,000 receivable where the entity expects a
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/// $100 concession. The transaction price is $900 (constrained), not
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/// $1,000.
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#[test]
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fn ex3_implicit_price_concession_uses_constrained_price() {
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use op_revrec::VariableConsideration;
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let mut tp = TransactionPrice::fixed(usd(1_000_00));
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// The $100 concession is a negative variable; constrain to $100.
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tp.variable.push(VariableConsideration::most_likely(
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"implicit_concession",
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-100_00,
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100_00,
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));
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assert_eq!(tp.total().expect("total"), usd(900_00));
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}
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/// ASC 606-10-55 Example 4 — Reassessment of variable consideration.
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/// We start with an estimate of 90% likelihood of receiving a $200
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/// bonus (expected value = $180). Later the entity revises probability
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/// to 60% (expected value = $120). The constraint is $200 — i.e. no
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/// constraint binds in either case. We assert both estimates produce
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/// the expected unconstrained values.
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#[test]
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fn ex4_variable_consideration_revision() {
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use op_revrec::{EstimationMethod, Outcome, VariableConsideration};
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use rust_decimal::Decimal;
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use std::str::FromStr;
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let v1 = VariableConsideration::expected_value(
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"bonus",
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vec![
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Outcome {
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amount_minor: 20_000,
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probability: Decimal::from_str("0.9").expect("dec"),
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},
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Outcome {
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amount_minor: 0,
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probability: Decimal::from_str("0.1").expect("dec"),
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},
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],
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20_000,
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);
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assert_eq!(v1.estimate_minor(), 18_000);
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let v2 = VariableConsideration::expected_value(
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"bonus_revised",
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vec![
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Outcome {
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amount_minor: 20_000,
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probability: Decimal::from_str("0.6").expect("dec"),
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},
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Outcome {
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amount_minor: 0,
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probability: Decimal::from_str("0.4").expect("dec"),
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},
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],
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20_000,
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);
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assert_eq!(v2.estimate_minor(), 12_000);
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// Sanity: confirm the variants we're using actually exist.
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match v2.method {
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EstimationMethod::ExpectedValue { .. } => {}
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EstimationMethod::MostLikelyAmount { .. } => panic!("wrong variant"),
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}
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}
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/// ASC 606-10-55 Example 5 — The discount allocation method when the
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/// observable evidence supports applying the discount to specific
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/// obligations only. We model the simpler default: when there's no
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/// such evidence, the discount allocates pro-rata, which is what
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/// `allocate_transaction_price` does. We assert: a 3-obligation
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/// contract with SSPs of $40, $55, $45 (total $140) priced at $100
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/// produces allocations 40/140, 55/140, 45/140 of $100.
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#[test]
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fn ex5_pro_rata_discount_allocation() {
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let contract = Contract {
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id: ContractId::new(),
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customer_ref: "c".into(),
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effective_date: ymd(2026, 1, 1),
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obligations: vec![
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PerformanceObligation {
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id: ObligationId::new("a"),
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standalone_selling_price: usd(40_00),
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pattern: RecognitionPattern::PointInTime { date: ymd(2026, 1, 1) },
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presentation: Presentation::Gross,
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},
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PerformanceObligation {
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id: ObligationId::new("b"),
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standalone_selling_price: usd(55_00),
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pattern: RecognitionPattern::PointInTime { date: ymd(2026, 1, 1) },
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presentation: Presentation::Gross,
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},
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PerformanceObligation {
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id: ObligationId::new("c"),
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standalone_selling_price: usd(45_00),
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pattern: RecognitionPattern::PointInTime { date: ymd(2026, 1, 1) },
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presentation: Presentation::Gross,
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},
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],
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transaction_price: TransactionPrice::fixed(usd(100_00)),
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};
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let alloc = allocate_transaction_price(&contract).expect("alloc");
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let map: std::collections::HashMap<_, _> = alloc.into_iter().collect();
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// 40/140 * 10000 = 2857 (rounded down)
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// 55/140 * 10000 = 3928
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// 45/140 plug = 10000 - 2857 - 3928 = 3215
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assert_eq!(map[&ObligationId::new("a")], 2857);
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assert_eq!(map[&ObligationId::new("b")], 3928);
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assert_eq!(map[&ObligationId::new("c")], 10_000 - 2857 - 3928);
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let total: i64 = map.values().sum();
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assert_eq!(total, 10_000);
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}
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/// Output-method milestones (ASC 606-10-55-17). Used by professional-
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/// services contracts where customer signs off at each phase.
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#[test]
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fn output_method_milestones_recognize_at_each_phase() {
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let o = PerformanceObligation {
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id: ObligationId::new("services"),
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standalone_selling_price: usd(100_000_00),
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pattern: RecognitionPattern::OutputMilestones {
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milestones: vec![
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Milestone {
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label: "design".into(),
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date: ymd(2026, 2, 28),
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fraction: "0.20".parse().expect("dec"),
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},
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Milestone {
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label: "build".into(),
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date: ymd(2026, 6, 30),
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fraction: "0.50".parse().expect("dec"),
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},
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Milestone {
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label: "deploy".into(),
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date: ymd(2026, 9, 30),
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fraction: "0.30".parse().expect("dec"),
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},
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],
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},
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presentation: Presentation::Gross,
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};
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let s = generate(&o, 100_000_00, Currency::USD).expect("schedule");
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assert_eq!(s.entries.len(), 3);
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assert_eq!(s.total_minor(), 100_000_00);
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assert_eq!(s.entries[0].amount_minor, 20_000_00);
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assert_eq!(s.entries[1].amount_minor, 50_000_00);
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assert_eq!(s.entries[2].amount_minor, 30_000_00);
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}
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