An industry that is going to see some of the biggest impacts
is the telecommunications industry as they deal with a lot of long term contracts.
Wireless telecommunication entities will be faced with implementation challenges
as they provide a diverse amount of plan options. Therefore, the standalone
selling price will differ for each one due to, amount of discount given and
expected future revenue. Therefore, for entities to apply the correct amount of
consideration they need to update their accounting information systems. By
doing this they can track transactions.