This question was asked by an attendee of a recent Proformatuve Rev Rec webinar: If you adopt EITF 08-1 “prospectively” will you be able to recognize in the first year the revenue which was deferred by lack of VSOE by applying ESP retrospectively?

This question was asked by an attendee at a recent Proformative Rev Rec webinar:

This question was asked by an attendee at a recent Proformative Rev Rec webinar: I want to make sure I understand “bifurcation” under EITF 09-3.  If we sell software, professional services to implement it, and computers to run the software on, we segregate the software and account for it under SOP 97-2, and the Professional Services and hardware under EITF 08-1?

Does anyone have a whitepaper or good guide to EITF 08-1 (ASU 2010-17) regarding the Milestone Method? The ASU is short without any examples. Also, does anyone have experience with the Milestone Method in combination with the Relative Selling Price Method of EITF 08-1? 

The following was a question posed by a CFO during a recent Revenue Recognition webinar:   Does the application of EITF 

The following was a question posed by a Director, Management Reporting durring a recent Revenue Recognition webinar:   Would the EITFs also apply to large capital goods

The following was a question posed by a CFO during a recent Revenue Recognition webinar:   We sell enterprise software to cable companies. The contracts call for 1) an annual license fee, 2) annual software maintenance and 3) an ad serving fee of $x per thousand impressions.

The following was a question posed by a CFO during a recent Revenue Recognition webinar: EITF 08-1 is only applicable to companies delivering hardware and software, or equipment containing software, but not a software only company - correct ?