UNIT $2-$ TASK$-$BASED SIMULATION #$1$

Simulation $(20$ minutes$)$

Betty Greyeyes is a revenue analyst at Orblal inc. $($O$1),$ a Canadian telecommunications firm that provides satelite infrasiructure and related producis to customers around the world.

Ol has started to gather attention from international investors, and several of these potential investors have asked OI to draf its financial statemenis using IFRS. OI has agreed and assigned Betty the task of examining several sales agreaments to determine if they should be recognized as revenue under IFRS $15$ Revenue from. Contrects with Customers. Ol requires signed contracts for all sales agreements.

Ol's controler, Jason Rubin, has provided relevant information about some of Or's curtent sales initiattves:

Appendix L: Email from Jason with a summary of customer transactions

Appendix Hil: Excerpts from Ol's standard customer contract

Ol has a December $31$ fiscal year end,

Compiete the tasks in the Excel Task file,