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TMT Accounting Alert — Revenue recognition – contract modifications

Published on: 21 Dec 2012

In October 2012 the IASB discussed the topic of contract modifications, which has been a key area of focus for companies in the telecoms industry who are contemplating the impact of the upcoming revenue recognition standard.

Two of the items discussed related to changes in transaction price and the determination of distinct performance obligations. On both topics, the tentative conclusions reached will be welcome news for the telecoms industry.


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