International GAAP 2021

Chapter 31Revenue: licences, warranties and contract costs

• 1 INTRODUCTION
• 2 LICENCES OF INTELLECTUAL PROPERTY
  • 2.1 Identifying performance obligations in a licensing arrangement
    • 2.1.1 Licences of intellectual property that are distinct
    • 2.1.2 Licences of intellectual property that are not distinct
    • 2.1.3 Contractual restrictions
    • 2.1.4 Guarantees to defend or maintain a patent
    • 2.1.5 Application questions on identifying performance obligations in a licensing arrangement
      • 2.1.5.A Accounting for modifications to licences of intellectual property
      • 2.1.5.B Contracts that grant both permission for past use of intellectual property and a licence to use the intellectual property in the future
  • 2.2 Determining the nature of the entity’s promise in granting a licence
    • 2.2.1 Applying the licensing application guidance to a single (bundled) performance obligation that includes a licence of intellectual property
  • 2.3 Transfer of control of licensed intellectual property
    • 2.3.1 Right to access
      • 2.3.1.A Is a licence that provides a right to access intellectual property a series of distinct goods or services that would be accounted for as a single performance obligation?
    • 2.3.2 Right to use
    • 2.3.3 Use and benefit requirement
  • 2.4 Licence renewals
  • 2.5 Sales-based or usage-based royalties on licences of intellectual property
    • 2.5.1 Recognition of royalties for a licence that provides a right to access intellectual property
    • 2.5.2 Application questions on the sales-based or usage-based royalty ...