We often hear accounting and finance teams tell us that their company's revenue is unique, however, in our experience, most 'like' companies have similarities in 70 to 90% of their revenue treatments.
Prospective clients consistently tell us the...
19th October 2018
Accounting Change & Compliance |
IFRS 15 & ASC 606 |
revenue recognition |
Security
With recent hacking scandals and general concern around security of information, we discuss SOC reports at a basic level. For those who need a broad understanding of the importance of SOC reports to their business, service providers, and...
How do you know what security controls and compliance features are essential, important, or perhaps unnecessary, when it comes to choosing your revenue recognition software service providers? SOC 1, SOC 2, SSAE 16, Type 1, Type 2, and soon SSAE...
In this series on the decision making around supporting ASC 606 with revenue recognition automation software, the project manager assesses the second identified issue, the growing complexity of contracts. Whilst looking at automation as one...
The first issue our Project Manager faced at this growing company was around their manual high touch environment. Under ASC 605 this was manageable, but the complexity of high value, long term contracts coupled with anticipated company growth,...
A closer look at revenue recognition automation for a public network technology company
Large enterprise companies often deal with high value contracts that span years at a time and contain complex performance obligations and bundling of...
Some telecommunication providers have estimated that compliance with the new revenue recognition requirements might require tens to hundreds of millions of dollars in investment.
