Revenue Recogntition Checklist - VSOE

For multiple element arrangements, is the price charged the same as if the element was sold separately to that customer? If not, then recognition will be prorated. Where maintenance is charged is at least 15% If not, then this is deemed insubstantive and therefore discounted. Is the renewal period stated in the contract? If not, then the revenue will be deferred until renewal period is known. Is the renewal period at least as long as the initial period? If not, then revenue will be deferred until the end of the maintenance period. Does the price offered reflect the normal customer discount? If not, then pro-rated recognition will occur. Has the revenue recognition review been fully documented? If not, then pro-rated recognition will occur. Is fair value determinable? If not, then all revenue is deferred until it is or all elements of the arrangement have been delivered.