Accounting · Revenue from Contracts with Customers
Under IFRS 15, a contract includes a software license, 3 years of technical maintenance services, and a customer voucher that provides a significant discount on future purchases (a material right). The license and maintenance are distinct. How many distinct performance obligations (POs) should be identified in this contract?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11 (License and Maintenance are considered inseparable)
- 22 (License and Maintenance only)
- 33 (License, Maintenance, and the Voucher)✓
- 45 (License, 3 separate years of Maintenance, and the Voucher)
Correct answer
3 (License, Maintenance, and the Voucher)
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