Russian Finance Ministry

As a rule, the prices set by contract with the company, differ from the prices set by the hotel's price list 'off the rack'. The hotel is on the move deliberately, because the company in accordance with the terms of the agreement shall reserve not less than a certain number of nights (Nights). The contract in this case expressly provides that the corporate prices are valid for bookings made less than a certain number of nights (nights) for the period of the contract. In the case of default rules nights (nights), the hotel reserves the right not to conclude a similar agreement in the future or to recalculate based on prices set in the price list of hotels 'off the rack'. If such conditions Catering simply has to keep track of attendance by guests under the contract in order to properly recalculate the failing company stipulated conditions. However, in the case of business failure conditions on the number of nights (nights), hotels do not always produce this recalculation. They explain this to the fact that the contract provides for two options to solve the problem: either to recalculate, or failure to conclude a treaty in the future. Indeed, the presence in the contract wording 'hotel is entitled:' means that it is the hotel decides to make recalculate or cancel the contract. So, if the relationship with the hotel company is not terminated, in accordance with paragraph 12 of Accounting 'Income organizations' pbu 9 / 99, approved by order of the Russian Finance Ministry on May 6, 1999 N 32n all the necessary conditions for revenue recognition are available.

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