Question

Access BCE Inc.'s financial statements for the year ended December 31, 2011, from either the company's website or SEDAR (www.sedar.com). Access TEL US Corporation's financial statements for the year ended December 31, 2011, from either the company's website or SEDAR.
Instructions
Using the annual reports for BCE Inc. and TEL US, answer the following.
(a) What types of revenue does BCE have and how are they recognized?
(b) What types of revenue does TEL US have and how are they recognized?
(c) Are there any examples of when either company would report revenue on a net basis? What factors does the company consider?
(d) Explain the types of contracts where the companies have multiple deliverables. How does each company allocate the revenues on these types of contracts?
(e) Telus has a unique accounting policy for dealing with revenues in non-high- cost serving areas. Review the accounting policy note and page 76 of the annual report for details. Explain the business reason for the transaction and comment on the appropriateness of the accounting.
(f) Do you find one company\; disclosure on revenue recognition better than another? Why?


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  • CreatedSeptember 18, 2015
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