This is a research assignment. It attempts to give you exposure to revenue recognition issues in the real world. You are required to access financial statements of both BCE Inc. and TELUS Corporation for their years ended December 31, 2018 from the companies respective websites.

REQUIREMENTS: Using the financial statements of these two companies, answer the following questions:

1. What type of revenue does BCE have and when are the recognized?

2. What type of revenue does TELUS have and when are the recognized?

3. Are their any examples of when either company would report revenue on a net basis? What factor does the company consider?

4. Explain the types of contracts where the companies have multiple deliverables. How does each company allocate the revenue on these types of contracts?

5. TELUS has a unique accounting policy for dealing with revenues in non-high 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.

6. Do you find one companys disclosure on revenue recognition better than the others? Explain.

7. Does either company address IFRS 15 Revenue from Contracts with Customers, issued in 2014 but with a 2018 effective date? Explain.