QUESTION 9 The vendor’s contract with its customer is the same as in question 8, except that: • The vendor is the only supplier that is capable of carrying out the customized installation service • The software updates and technical support are essential to ensure that the software continues to operate satisfactorily, and the customer’s employees continue to be able to operate the related IT systems. No other entity is capable of providing the software updates or the technical support. Whether it is a distinct contact?

ANSWER 9

In this case, the analysis required by IFRS 15 indicates that in the context of its contract with the customer, the promise is to transfer a combined service. 

This combined service is identified as the single distinct good or service.


Complete and Continue