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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

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:

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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. 

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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.

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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.

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The RevRec Deadline is Here! Open This for Answers.

Mon, Dec 25, 2017 @ 04:24 PM / by Bramasol RevRec Team posted in revenue recognition, revrec hot-tips

The deadline for new Revenue Recognition standards, ASC 606 and IFRS 15, is arriving on January 1, 2018. Yes, that is next week!

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Ease the Burden of Disclosure Reporting with Pre-Built Reports

Mon, Nov 13, 2017 @ 05:26 AM / by Bramasol RevRec Team posted in revenue recognition, SAP RAR, revrec hot-tips

There is less than two months before the mandated adoption of new Revenue Recognition standards ASC 606 and IFRS 15. Since companies need to comply with legal disclosure reporting requirements, including a retrospective dual-reporting period between current ASC 605 and new ASC 606, it is critical that you have a clear disclosure reporting plan in place, NOW!

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Webinar Oct 19 - The SEC is Watching. Tips and Tricks for Compliance with ASC606, IFRS15, ASC842 and IFRS 16

Sat, Oct 7, 2017 @ 08:13 AM / by Bramasol RevRec Team posted in revenue recognition

On October 19, 2017, we invite you to attend the next webinar in Bramasol's highly regarded series on Revenue Recognition issues.

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Less than 90 Days Left for RevRec Compliance

Sat, Sep 30, 2017 @ 09:53 AM / by Bramasol RevRec Team posted in RevRec hot-news, revenue recognition, revrec hot-tips

The new Revenue Recognition standards (ASC 606 and IFRS 15) are mandated for implementation by January 1, 2018.  Yes, that is less than three months from now! 

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See Bramasol at SAP Financial Excellence Forum Oct 10-11

Wed, Sep 27, 2017 @ 12:00 AM / by Bramasol posted in revenue recognition, leasing

Please join with Bramasol at SAP Financial Excellence Forum October 10-11, 2017 in New York City to learn how top organizations are transforming their financial management processes.

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RevRec Events at SAP Automotive Best Practices

Sat, Sep 16, 2017 @ 12:00 AM / by Bramasol RevRec Team posted in revenue recognition

Best Practices for Automotive " width="auto" data-markup-id="beans_logo_image" style="background-color: transparent; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 13px; box-sizing: border-box; height: auto; max-height: 50px; margin: 0px 0px 10px 10px; float: right;">Join Bramasol at Best Practices for Automotive and be sure to attend the two special sessions on Revenue Recognition detailed below.

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