Non-refundable payments can normally be recognized upon receipt, since there is no performance obligation related to these payments.

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Non-refundable payments still require the recognition of a performance obligation under most accounting standards, such as IFRS 15 or ASC 606, and revenue can only be recognized when that performance obligation is satisfied, not merely upon receipt of payment.

Non-Refundable Payments Can Normally Be Recognized Upon Receipt, Since There