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GAAP does not permit booking contracted future revenue onto the balance sheet or income statement, because the spend is not actually an unconditional debt until the service has been rendered.

It doesn't matter if it's committed or not, it still won't be recognized on the formal financial statements.

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I think they declare it as pipeline revenue or something instead of current year revenue
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RPO remaining performance obligations (not on balance sheet) unless prepaid then its deferred revenue (balance sheet). When it’s consumed it is recognized as revenue.
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