3- He has also asked you to explain how each of the revenue streams are journalized when clients are invoiced and how and when they will be reported as revenue. He is parcularly interested in the balance of Deferred Revenue and has asked you to idenfy each component of the balance separately based on the revenue streams (see excel file).

4- The owner presented you with an updated sales forecast for the next 3 months (Appendix IV) and asked you to provide a revenue projecon (by revenue stream) for 2023 based on the assumpon that all the deals will close as forecasted. Importantly, he is looking to understand;

How the sales will translate to revenue in fiscal 2023 so he can beer evaluate the

business.

How they will track versus the 2023 budget if all sales come in as forecasted. The budget

extract is included in the excel file in tab V. Note Research revenue is not budgeted

16 March Sales Forecast Vent sales budget report embership \& Conference budget for 2023 in units of memberships / tickets budgeted to be sold) eferred Revenue Report or the Month Ended January 31, 2023 Clear Vent subscription sales forecast 2 For February 2023 to April 2023 In denominated currency