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Asset ceiling test IAS 19, initial coin offerings, non-GAAP, and non…

- - - - reduced contribution
      - cash refund
    - - entity controls the resource
      - the control is a result of past events
    - - the surplus in the defined benefit plan, and
      - the asset ceiling
        
        it is given in the question but in real live, it is determined using discount rate based upon market yields at the end of the reporting period on high quality corporate bonds
- - - - As the ICO issues a token, rather than shares, they are not considered to be a securities offering,
      - so the associated regulation and controls have not been applied.
  - - - If control happens over time
        
        revenue cannot be recognised in full at the time of the initial ICO sale
        
        Instead, it must be recognised as the performance obligation is satisfied
        
        This will most likely occur if the token is presented to the issuer for redemption into goods or services, such as granting access to software
- - - - which include a range of metrics that the directors feel are important to investors.
    - - Social media monthly active users
      - Family daily and monthly active people
      - Family average revenue per person
      - Revenue by user geography
      - Advertising revenue by user geography
      - Effective tax rate
      - Free cash flow reconciliation
    - - For example, Facebook states that the numbers for their key metrics are calculated using internal company data based on the activity of user accounts
      - They try and eliminate the number of 'duplicate' and 'false' accounts among their users as many people use more than one of their products, and some have multiple user accounts within an individual product.
      - The data regarding the geographic location of their users is estimated based on a number of factors, such as the user's IP address and self-disclosed location
        
        These factors do not always accurately reflect the user's actual location