What is a fixed-fee service contract? How we are suppose to record this services? should we record under PSAK 115 or PSAK 117?
Fixed-fee service contract which we will hereinafter refer to as “FFSC”. One of the most well known FFSC in Indonesia is generally known as RoadSide Assistance services, where an Insurance Company provides emergency service assistance on the road for customers by paying a fixed fee each year in advance, regardless of whether they use, do not use or often use the service.
