Revenue Automation ROI in the New Guidance Landscape
A seismic shift in the form of the newly converged revenue recognition standards brought forth in 2014 by the Financial Accounting Standards Board and the International Accounting Standards Board is often the necessary instigator for a company to consider something seemingly as daunting as a new revenue management tool. Spreadsheets and other makeshift solutions were […]
Hear Ye, Hear Ye From the Experts: What To Expect in 2017
By Jim Staats, Senior Account Manager at Zuora The year 2017 is a big one for revenue recognition, like it or not. As was made clear for the umpteenth time, this latest eye-opener coming from the Wall Street Journal, most corporations still have a lot of work to do when it comes ASC 606, “Revenue From […]
Hurry Up & Wait, or What’s the Why in Delayed New Guidance Efforts?
Let’s say you work in the financial services division of a company which has not only completed an assessment of the specific effects of the new revenue recognition standard, but has a plan detailing how to implement the new standard. You clearly work for an organization which is forward-thinking, competitive, ambitious ….and, sadly, in the minority. […]
New Guidance Through the Regulatory Lens
During the past year we’ve made a concerted effort to keep revenue experts aware of the dramatic overhaul on the horizon for revenue recognition guidance. We’ve come at this from our point of view, from the perspective of longtime industry experts and from the vantage point of some key verticals. Today, we take a more regulatory bent […]
Ind AS 115: Delay of India’s New Revenue Standard Considered This Week
Our latest in a series of updates on the new revenue standard in India. As a quick primer: Earlier this year, the country’s Ministry of Corporate Affairs (MCA) put a roadmap in place for adoption of the Indian Accounting Standards (Ind AS) – India’s accounting standards converged with the International Financial Reporting Standards (IFRS). On February […]
Is Revenue Automation Worth It?
Revenue is the top line for any company’s financials and if that isn’t in order, the rest of the numbers come into question. Regardless of industry, there are no excuses for not being able to provide fast, reliable accounting data. Today’s technology makes it possible to streamline that most critical piece of the quote-to-cash cycle […]
Selecting a Transition Method
Editor’s note: We are happy to introduce our new guest columnist, Shauna Watson, Global Managing Director of Finance & Accounting for RGP. Shauna, a subject matter expert in U.S. GAAP, IFRS, SEC and PCAOB regulations, will share her valued opinion on a number of topics in this space. Today, she focuses on one of the key […]
Zuora Product News: Recognize Revenue Monthly Over Time
So you offer a software subscription that costs $1200 per year. Your billing team suggests that you should bill customers the full $1200 before the start of a term. On the other hand, your finance team advices that the revenue needs to be recognized over the length of the whole subscription since you are technically […]