Revenue: licenses of intellectual property

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Under the new revenue standard, licenses will be considered either functional or symbolic, and this will determine the pattern of revenue recognition. Watch PwC’s Roxanne Fattahi discuss the new revenue standard where she discusses: what to do when a license is bundled with other promised goods and services in the contract, how to determine when the license is distinct, how to determine whether the intellectual property underlying the license is functional or symbolic.

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