You are the senior accountant at NovaCloud.
NovaCloud signs a 24-month deal with Helio Bank for $480,000. The contract bundles: (a) a perpetual on-premise software licence, (b) 24 months of cloud hosting, and (c) implementation services that significantly customise the licence. Standalone prices: licence $250,000, hosting $180,000 ($7,500/mo), implementation $120,000.
Apply IFRS 15.27: a good or service is distinct only if the customer can benefit from it on its own AND it is separately identifiable in the contract.