I agree with your post in that is the correct way and should absolutely represent what the deferred revenue and revenue should be.
Do you feel comfortable though that the cash receipt that was in deferred revenue only started to amortise and be recognised as revenue upon acceptance by customer. I.e they didn’t just start amortising a receipt? Have their been other disclosures that indicate higher acceptance rates than the 8 or 9% that the 791 acceptances they disclosed seemed to indicate that would support why revenue is higher than deferred in the last financials that were audited by the new auditor?
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- Stakeholder Update 27 March 2018
Stakeholder Update 27 March 2018, page-96
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