Date: March 14, 2013

Author: Thomas Lah

Description:
What are common practices in the technology industry regarding service revenue recognition when services are sold with a product?

Applicable Disciplines:
Education Services;Field Services;Professional Services;Customer Success and Support;Service Revenue Generation-Recurring;Managed Services

Keywords:
Revenue Recognition; VSOE; Service Assets; Intellectual Property; IP; Commercializing; Revenue Guidelines; Service Revenue; Accounting; FASB; Vendor-Specific Objective Evidence; Recurring Revenue; Financial Law

Functional Areas:
Engineering;Finance;Operations;Sales;Strategy

Markets:
Consumer Technologies;Enterprise IT and Telecommunications;Healthcare and Healthcare IT;Industrial Automation;Other