Accounting Essay

579 words - 3 pages

(1)Revenue Recognition
Telus has three major revenue source: (1)wireless; (2)wireline; (3)voice local and voice long distance
For “Voice and data” recognition of revenue:
* based upon access to, and usage of telecommunications infrastructure and upon contract fees (note a)
* Advance billings/activation, deferred recognized when services are provided (note b)
For “Other and wireless equipment “:
* Recognized when products are delivered and accepted by the end-user customers
* From operating lease, recognized on straight-line basis over the term of the lease
For “Non-high cost serving area deferral account”:
It is a very specific recognition and Rogers doesn’t have this ...view middle of the document...

| For cable and wireless network; computer equipment and software; customer premise equipment; leasehold improvement. |
Diminishing (Accelerated) balance | None. | For buildings; equipment and vehicles |
Conclusion:
Compare to Rogers, Telus will have lower depreciation expense in the early years of life of the equipment. Resulting in relative higher Net Income. (because using accelerated balance method, depreciation expenses will be higher in early years)

Classification difference
Items | Telus | Rogers |
Software | Include in Intangible Assets | Include in PPE (Computer equipment and software) |
Brand name | None. | Include in Intangible Assets |
Brand name occurs because of acquisition.
This is the value of acquired company, not Rogers itself.

Length difference
| Telus | Rogers |
Network assets--Outside plant | 17 to 40 years | 3 to 30 years (cable and wireless network) |
Network assets--Inside plant | 4 to 16 years | |
Wireless site equipment | 6.5 to...

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