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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, 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:

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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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New Webinar Video: Bramasol's "Secret Sauce" from RevRec Implementations

Tue, Aug 28, 2018 @ 07:09 AM / by Bramasol RevRec Team posted in revrec hot-tips

The video is now available of the most recent session in Bramasol's monthly series on Revenue Recognition. 

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If You've Been Using SD RevRec for ASC 606, It Can't Last Much Longer

Tue, Jul 24, 2018 @ 09:46 AM / by Bramasol RevRec Team posted in revrec hot-tips

During the lead-up to implementation of the new Revenue Recognition standards, ASC 606 and IFRS 15, companies chose a variety of paths to get ready. 

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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.  

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Most Companies are Underestimating RevRec Changes According to SAP CAO

Tue, Mar 27, 2018 @ 08:18 AM / by Bramasol RevRec Team posted in revrec hot-tips

In a recent interview with CFO.com, Christoph Hütten, chief accounting officer for SAP, discussed the readiness (or lack of readiness) of companies for meeting the new RevRec standards, ASC 606 and IFRS 15.  

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Disclosure requirements under ASC 606: Allocation of transaction price to unfulfilled performance obligations

Tue, Mar 27, 2018 @ 01:51 AM / by Bramasol RevRec Team posted in revrec hot-tips

Now that the January 2018 deadline has passed, and public companies must now adopt the new revenue recognition standard, ASC 606, disclosures become the central focus of the implementation process.

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RevRec Ready Rapid Compliance Solution for ASC 606 & IFRS 15

Mon, Mar 19, 2018 @ 04:15 AM / by Bramasol RevRec Team posted in revrec hot-tips

Bramasol, the leader in Revenue Recognition solutions, has announced a new, purpose-built product that reduces complexity and gives companies across a variety of industries a ready-to-deploy turnkey solution for disclosure reporting and compliance.

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For SAP RAR Success, Only Trust the Best

Mon, Feb 26, 2018 @ 07:05 AM / by Bramasol RevRec Team posted in revrec hot-tips

The new Revenue Recognition standards deadline has arrived but the road to successful implementation, disclosure reporting and operational optimization continues throughout 2018.

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Video: RevRec Lessons Learned from Customer Projects

Mon, Jan 29, 2018 @ 06:38 AM / by Bramasol RevRec Team posted in revrec hot-tips

The deadline for new Revenue Recognition standards, ASC 606 and IFRS 15, has arrived. 

 

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