00:01
So, based on the information provided, the first review for completion comparison using the five -step model.
00:15
We start from step one, hmm 11 and hmm 12 both involve work between our business, our business publishing and its customers.
00:43
Step two, performance obligation.
01:03
For hmm 11, the new repositioning likely occurs when performance obligations are satisfied.
01:11
This may be when course materials are delivered or accessible to customers.
01:16
For hmm 12, with the change in the renewal reposition, performance obligations might make differences.
01:23
This could involve recognizing revenue over time, considering ongoing excess or services.
01:31
Step three, contract price.
01:42
The contract price in both cases presents a consideration that each of our business publishing expects to receive in exchange for its products or services.
02:00
And step four, allocation price.
02:09
Allocating the contract price to individual performance obligation may differ between hmm 11 and hmm 12.
02:21
Hmm 11 might allocate the price to a specific course material, while hmm 12 would involve allocating it over the duration of the contract.
02:32
And for step five, recognize revenue.
02:51
For hmm 11, the new reposition likely occurs when performance obligations are met and course materials are delivered or accessible.
03:01
For hmm 12, the change in revenue reposition might result in revenue reposition over time as the customer's connection is shown continuous excess...