With the new Revenue Recognition standards (ASC 606 and IFRS 15) mandated for implementation by January 1, 2018, companies that haven't already started projects are falling dangerously behind. In fact, it's now too late to start a custom revenue recognition solution from scratch.

Read the latest issue of Bramasol's Ignite Possible newsletter including topics such as:

The video of Bramasol's newest RevRec webinar, "Revenue Recognition is Coming. How Will You Transition? Part 2" is now available for viewing online.  Recorded on September 29, 2016, this Part 2 session on Transition provides a deep dive into the key issues associated with transitioning to the new ASC 606 and IFRS 15 standards.

The next SAP Revenue Accounting and Reporting (RAR) User Group will be held on October 11, 2016 in person at the SAP Newtown Square, PA office. Join us for the latest updates from Pete Graham and the SAP Development team on SAP RAR 1.2 and the RAR roadmap.

As you know there are contract revenue reporting changes coming up January 1, 2018.  These are under ASC 606 and IFRS 15.

Read the latest issue of Bramasol's Ignite Possible newsletter including topics such as:

The video of Bramasol's newest RevRec webinar, "Revenue Recognition is Coming. How Will You Transition?" is now available for viewing online.  Recorded on August 31, 2016, this webinar delves into the key issues associated with transitioning to the new ASC 606 and IFRS 15 standards.

According to ASU 2014-09, a performance obligation is a promise in a contract with a customer to transfer a good or service to the customer.

The mandated Revenue Recognition changes are coming and the time to get ready is now.