BlogBanner

RevRec Ready - Hot-Tip #12 Leverage RevRec to Drive Transformational Actions

Tue, Feb 2, 2016 @ 06:00 AM / by Bramasol RevRec Team

RevRecReady-HotTipView RevRec as an Opportunity to Transform and Improve Processes 

The extent of impacts will vary by industry and by organization within the industry, but all companies will be impacted.  Some of the changes this will cause include additional or expanded disclosures, the inclusion of additional estimates and judgments in external Financial Reporting, and most likely new or modified business processes and controls.

It is important to note the last impact item from above: new or modified business processes and controls.  The new standard is not just an accounting exercise, but rather extends well past technical accounting into core business processes.

To get lots of detail on how to leverage these opportunities,, click here to read Larry McKinney's blog post "Revenue Recognition Projects: Driving Transformational Actions" on LinkedIn Pulse.

 

 Read all of the RevRec Ready Hot Tips here.

 Don't miss the upcoming webinar on February 25!

 RevRec Webinar:  "Get Started with a   Great Proof-of-Concept"  Register Here

Subscribe to the Bramasol Ignite Possible blog for a new RevRec Ready Hot Tip every week!

 

Topics: revenue recognition, SAP Revenue Accounting and Reporting, revrec hot-tips

New eBook: S/4HANA is the Future: Understanding Why and How to Get There Download Now
Download the eBook: Transitioning to ASC 842 using the Portfolio Approach to Group Leases

Subscribe to Email Updates

Lists by Topic

see all

Posts by Topic

see all

Recent Posts