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USING IFRS 15 Revenue, determine the transaction price of the contract and allocate the transaction price to the performance obligations in the contract. Assume all
USING IFRS 15 "Revenue", determine the transaction price of the contract and allocate the transaction price to the performance obligations in the contract. Assume all necessary details.
Agreement No. 1 Statement of Work No. 001, Amendment No.1 In accordance with the terms and conditions of the above-referenced Agreement between "Company" and "Customer XYZ" this Statement of Work (SOW) is amended to expand the scope of work for additional users and increase the price as more fully described below 1. Section 1. Statement of Work: Exhibit 1 is deleted in its entirety and replaced with Exhibit 1 to this SOW1 Amendment No. 1 dated 11/20/12, which is attached hereto and incorporated herein by this reference. 2. Section 3. Total Statement of Work Value: This section is deleted in its entirety and replaced with the following The firm fixed price for the Software, Data, and Managed Services and Deliverables defined in the Statement of Work in Exhibi1 is set forth in Table 1 below Table 1: Software, Data, Managed Services and Professional Services Pricing Description Software Licetises Data Licenses Managed Services Professional Services Total Firm Fixed Price eaf $224,000 $116,000 $116,000 $256,420 $244,939 $246,109 ieaf nvoicing Tl erms Annual Annual Initial setup and monthly fee S36.100 89.200 S90,400 $279,090 S92,629$62,816 Monthly invoicing based on percent complete $795,610 $542,768 $515,325 All other terms and conditions remain the same ACCEPTED AND AGREED Customer XYZ Signature Printed Name Title Date Company Signature Printed Name Title DateStep by Step Solution
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