Question: Plz help with this exercise. (u can find the statements online) RA6.2 Real World Emphasis BCE Inc. and TELUS Corporation Access the financial statements of

Plz help with this exercise. (u can find the statements online)

Plz help with this exercise. (u can find the statements online) RA6.2

RA6.2 Real World Emphasis BCE Inc. and TELUS Corporation Access the financial statements of both BCE Inc. and TELUS Corporation for their years ended December 31, 2017, from either the companies' websites or SEDAR (www.sedar.com). Instructions Using the financial statements for BCE and TELUS, answer the following. a. What types of revenue does BCE have and when are they recognized? b. What types of revenue does TELUS have and when 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 as well as Note 7 for details. Explain the business reason for the transaction and comment on the appropriateness of the accounting. f. Do you find one company's disclosure on revenue recognition better than the other's? Comment g. Does either company address IFRS 15 Revenue from Contracts with Customers, issued in 2014 but with a 2018 effective date? Comment

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