Deloitte comment letter on Discussion Paper 'Preliminary Views on Revenue Recognition in Contracts with Customers'
Published on:
19 Jun 2009
![Deloitte Comment Letter Image]()
Although, for the most part, we do not disagree with the material set out in the discussion paper, most of the fundamental issues (in particular, to use old terminology, the approach to multiple element arrangements and the distinction between goods and services) will need to be addressed at the next stage of the project. The decisions made at that stage will be critical to the development of a Standard, and, accordingly, it is only at that stage that we will be able to assess whether we support the approach being taken by the boards; at this point, it is too soon to tell.
