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How IT can help your accounting function prepare for rev rec

Contributing Author: Brian Evans

This blog post was featured on CIO.com as part of John Hoebler's blog series titled "Finance Meets the Cloud." 

Accounting standard ASC606 is a notable change to the way revenue is recognized and reported from contracts. Organizations have mostly managed to track...

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Can your rev rec software support these complex challenges?

Contributing Author: Tracy Abruzzo

This blog post was featured on CIO.com as part of John Hoebler's blog series titled "Finance Meets the Cloud." 

In an earlier post, I discussed many of the key challenges in accounting for revenue under ASC 606. In my last column, I detailed the four key system...

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What to Look for in a Technology Solution for Rev Rec

Collaborating Author: Tracy Abruzzo

This blog post was featured on CIO.com as part of John Hoebler's blog series titled "Finance Meets the Cloud." 

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3 ways that revenue recognition will impact IT

Collaborating Author: Tracy Abruzzo

This blog post was featured on CIO.com as part of John Hoebler's blog series titled "Finance Meets the Cloud." 

Has your CFO been talking about something called revenue recognition that's supposed to go live next year? It’s a completely new five-step model...

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Don’t forget the Project Manager when you Implement Revenue Recognition!

By: David Kay

Many public companies across the country have formed project teams, done assessment exercises and even redesigned contracts and process in advance of the new revenue recognition standard (ASC 606).

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Beyond the 5-Steps: A Comprehensive Look at Implementing the New Revenue Recognition Guidance - Part 3

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Summary of Revenue Recognition Panel Discussion

A key event in Washington DC’s CFOs’ calendars, covering the hot topic of ‘Revenue Recognition- ASC 606 - Revenue from Contracts with Customers’, was held on April 19th with over 100 people from over 50 Washington DC area companies in attendance.

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Beyond the 5-Steps: A Comprehensive Look at Implementing the New Revenue Recognition Guidance - Part 2

Getting Started

In part 1 of this series, I addressed the implementation landscape, and how many companies have not yet begun their efforts to implement the new revenue recognition guidance. In this post, I provide some thoughts on what these companies should be doing now to get started.

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Beyond the 5-Steps: A Comprehensive Look at Implementing the New Revenue Recognition Guidance - Part 1

The Implementation Landscape

Almost 2 years ago now, the FASB issued its long-awaited, sweeping new revenue recognition standard.  The standard initially provided for a 2017 effective date for public companies (2018 for private), which was subsequently deferred a year in order to give companies...

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A Wake Up Call for Companies that Haven't Yet Started Planning for the New Revenue Recognition Changes

At a recent audit committee conference, SEC Chief Accountant James Schnurr focused a significant portion of his speech on the new revenue recognition rules. In addition to the general message that audit committees need to be closely involved with their companies implementation programs, he also...

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