Ignitepossible Blog Banner

According to Compliance Week, RevRec Still Has a Ways to Go

Tue, Oct 16, 2018 @ 10:02 AM / by Bramasol RevRec Team posted in revrec hot-tips, revenue recognition, ASC606, Hot Tips

A recent article in Compliance Week paints a different picture from people who think that adoption of Revenue Recognition per ASC 606 is behind us.  Even though the new standard took effect on January 1, 2018, the issue of compliance as seen by auditors and the SEC is now just ramping up.

Public companies on calendar year accounting have now completed two quarterly filings under the new standards but the first year-end filing under the new standard is still some months away.

Some highlights from the article include:

Read More

Webinar Video : SD RevRec is Dead.  Now What? Join Us to Find Out.

Tue, Sep 4, 2018 @ 07:56 AM / by Bramasol RevRec Team posted in revrec hot-tips, revenue recognition, ASC606, IFRS15

With the deadline for implementing ASC 606 and IFRS 15 now behind us for most public companies, a lot of CFOs and accounting staff have breathed a sigh of relief. 

Read More

Watch how Bramasol played a vital role in hard transition from ASC605 to IFRS 15  for a Pioneer in electronic and design automation company

Thu, Aug 16, 2018 @ 06:01 AM / by Bramasol RevRec Team posted in SAP Revenue Accounting and Reporting, revenue recognition, IFRS15, ASC606, Customer Story

A pioneer in electronic design and automation and with a presence in more than seven countries, our featured customer offers bundles of hardware, software, support & training to industrial customers. The Company was running ECC 6.0 with SD Revenue Recognition and was in the process of implementing SAP RAR 1.3 to support a mandated transition to IFRS 15. The project delivers a "hard" transition from ASC605 to IFRS 15, running RAR 1.3 SP02 for ten company codes around the world. The deployment includes a migration of 26000 in-flight contracts.

Read More

Improving Financial Transparency with Adoption of ASC 606

Tue, Apr 10, 2018 @ 06:15 AM / by Bramasol RevRec Team posted in revrec hot-tips, ASC606

Now that the adoption deadline for ASC 606 ( IFRS 15 for IFRS filers), revenue recognition for public entities has passed, the readers of companies’ financial statements should expect a much more robust financial reporting over revenue recognition.  

Read More

Watch how Bramasol helped a Leading Networking Company Automate and Simplify their RevRec Processes and Reporting

Thu, Mar 22, 2018 @ 07:46 AM / by Bramasol RevRec Team posted in SAP Revenue Accounting and Reporting, revenue recognition, Customer Story, Success Story, Networking, ASC606

This Global Fortune 500 company  is a leader in the manufacture, installation and service of computer, networking and computing systems providing solutions for companies of all sizes around the world. Their highly complex landscape and current global migration project required both a focus on achieving near term compliance while positioning a smooth migration to SAP S/4 HANA. They needed someone with deep, proven expertise and experience in implementing SAP RAR.

Read More
New eBook: S/4HANA is the Future: Understanding Why and How to Get There Download Now
Download eBook - Transitioning to ASC 842: Why Robust Analytical Reporting Tools will be a must for all Entities

Subscribe to Email Updates

Recent Posts