Recognition of revenue under IFRS 15


Joined
Mar 10, 2018
Messages
1
Reaction score
0
Dear all,
I have an issue that I would like to ask you to state your views:
Contract for a license of intellectual property. Total contract value is 30m for 5 years (evenly distributed 6m p.a.). However the seller also must provide updates to customer for 7 years after the sell-in period of 5 years. In other words the whole contract period is 12 years. Price is fixed for the total period. How should seller recognise revenue in the books?

Thanks and regards.
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top