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VSOE |
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SOP 97-2 guidance also addressed revenue allocation using VSOE (vendor specific objective evidence) -- price books that delineate component pricing when sold separately, or prices set by management with "appropriate authority. Under SOP 97-2, if VSOE does not exist to support the fair value of each element, all revenue from the arrangement must be deferred. Sondhi will discuss current issues related to VSOE in SOP 97-2 and issues in Subscription Accounting. |
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