Taming Revenue Recognition: Best Practices to Ensure Compliance

•Descargar como PPTX, PDF•

1 recomendación•956 vistas

Video & Slides: http://www.proformative.com/events/taming-revenue-recognition-best-practices-ensure-compliance The dynamic regulatory landscape of revenue recognition is challenging for most companies. FASB/IASB regulations continue to evolve with the recently revised exposure draft that will be applicable to most businesses. CFO's need to stay ahead of these evolving statutory requirements to ensure that their financials and their ERP systems can and will adhere to the changing standards. Join us to discover how your company can create best practices based revenue recognition processes, and get the facts about the latest revenue recognition regulations and their impact from revenue recognition experts and your peers. Hear practical lessons from both a publicly traded company and a private firm that have focused on creating end to end revenue recognition process, and find out how they have successfully implemented the latest revenue recognition rules and standards.

Economía y finanzas Empresariales

THE RESOURCE FOR CORPORATE FINANCE, ACCOUNTING & TREASURY PROFESSIONALS

After participating in this event you will be able to:


Define how the new revenue recognition regulations will impact your
business processes and accounting and financial systems, and what you can
do to prepare for adoption of these regulations.



Determine how to overcome some of the internal challenges that compound
the complexity of revenue recognition, including distributed
processes, systems and personnel.



Develop practical approaches to more accurately calculate revenue
allocations, reduce manual reconciliations, establish centralized controls and
compliance monitoring, ensure full audit trails.



Understand how to approach the revenue reconciliation challenges that arise
with multi-element arrangements, and practical approaches for managing
deferred revenue.

Proformative is the largest and fastest growing online resource
for senior level corporate finance, treasury, and accounting
professionals.
A resource where corporate finance and related professionals
excel in their careers through:
 Uniquely valuable, online Peer Network

 Direct subject-matter-expert advice
 Valuable Features and Resources
All of it completely noise-free
Check it out at www.proformative.com

THE RESOURCE FOR CORPORATE FINANCE, ACCOUNTING & TREASURY PROFESSIONALS

Albert Ryan
Principal Solution Consultant, NetSuite

NetSuite Background
Background

Performance

Founded 1998
Publicly traded on NYSE: “N”

World’s most deployed cloud
business management solution

Offices in 11 countries

Used by 16,000+ organizations

$308M+ revenue

Top 10 highest growth ERP
solution according to Gartner and
IDC

1,500+ employees

Cloud ERP Suite

THE RESOURCE FOR CORPORATE FINANCE, ACCOUNTING & TREASURY PROFESSIONALS

Ivan Makarov
Controller, SmugMug

Revenue Environment at SmugMug
•

•

•

•

•

•

Drivers for a Change Managing Rev Rec
Financial
Reporting
• Increase
accuracy
• GAAP
documentation
• Support for
external
auditors

Business Growth
• New
subscription
volumes
growing
• Renewal
volumes also
increasing

Lack of
Automation
• 1,000+
transactions
daily
• Managing
spreadsheets no
longer feasible
• Strong desire to
invest in
technology vs.
people

Revenue Recognition Challenges

–
–
–
–
–

Taming Revenue Recognition: Best Practices to Ensure Compliance

Más contenido relacionado

Destacado

конфидент кислицына

Expolink

Customer relationship executive perfomance appraisal 2

Types of Interview

Technologies used

World war i 1

Mural

Lamina lista

Destacado (7)

конфидент кислицына

Customer relationship executive perfomance appraisal 2

Types of Interview

Technologies used

World war i 1

Mural

Lamina lista

Más de Proformative, Inc.

The performance of every organization ultimately depends on the adequacy of the information available to decision makers at the exact moment that decisions have to be made. Join Paul Sharman, former IMA CEO and former Controller of Northern Telecom, as he takes you through the 5 reasons why companies of all sizes should consider Corporate Performance Management (CPM) platforms, which help companies track, report on, and understand corporate operating and financial performance. Paul will also discuss the primary concerns that stem from increased volatility as well as the sources of risk deemed most important over the next 3 years.

How to Measure and Manage Business Performance in Volatile Times

Proformative, Inc.

Companies that continue to live in an environment of complicated, error-prone spreadsheets, and limited financial and operational visibility find themselves at a competitive disadvantage in an increasingly dynamic business environment. The good news is that there are many modern, cost-effective, financial management systems that can support, and not hinder, your company’s growth. The time to upgrade your financial management system is here, but how do you choose the right solution for your company?

5 Steps to Selecting the Right Financial Management Software Solution

Proformative, Inc.

Driving Market Leadership and Growth with NetSuite Cloud ERP

Proformative, Inc.

Each year companies grant more than $110 billion in equity compensation.* But how much do employees value these awards? In this webinar, Julie Vander Veen, Head of Corporate Services in UBS Equity Plan Advisory Services, and Nina Duraiswami, research analyst for UBS's client insights team, will dive into the UBS Participant Voice survey’s findings on how participants perceive equity, and they will discuss what companies can and are doing to help their employees value these awards. The webinar will also cover concrete steps companies can take to help. Real life case studies and examples will be used to discuss these best practices.

Are you giving away value? Help your employees understand and appreciate the ...

Proformative, Inc.

Delivering growth in today’s world requires innovation. The Internet of Things (IOT) is changing not only how market leaders are delivering products and services are delivered and getting paid for them, but the very nature of the products and services they offer their customers. What is the Internet of Things? How are companies effectively monetizing the Internet of Things to drive competitive advantage?

Innovative Growth Redefined: Monetizing the Internet of Things (IOT)

Proformative, Inc.

Supply Chain Management: Costly Mistakes & Success Metrics for CFOs

Proformative, Inc.

Selecting The Right Business Technology Solution and Business Partners

Proformative, Inc.

Most manufacturing companies struggle to achieve the level of integration between financial and operational processes and data to achieve dynamic scenario planning capabilities, the desired level of forecasting accuracy, and the strategic analytics required to deliver sustainable growth. This webinar will discuss the unique challenges facing manufacturing companies in these areas, and how overcoming them delivers competitive advantage and transforms Finance into a value added partner.

5 Steps to Unlocking the Strategic Value of Finance in Manufacturing

Proformative, Inc.

The new year is always a time of change - and sales and use tax in 2015 is no exception. Hear sales tax compliance expert Shane Ratigan provide an in-depth overview to help you understand, prepare for, and get ahead of the state and federal tax changes coming your way. In this webinar, Shane will take a comprehensive look at critical new state and federal tax laws, including the Marketplace Fairness Act, taxation of services, and changes for cloud-based services. Join us and gain insider information to help you better understand how changes to sales tax regulations may affect your company and your bottom line.

Get Ready for 2015: Understanding and Adopting the New Tax Rules and Regulations

Proformative, Inc.

The quarterly Board book is due in 2 hours, and we just got word from the Controller that a few numbers need to be adjusted. Time to panic, right? Unfortunately, this is quite common, and many finance professionals charged with producing their company’s Board book would panic in this situation. Several Excel sheets would need to be updated, and the CEOs commentary would need revising to accurately explain the numbers. The good news is that there does not need to be a company-wide heartburn the days leading up to the Board book’s production and distribution.

Board Reporting: Efficiency, Automation & Getting Beyond the Numbers

Proformative, Inc.

Travel and entertainment—second only to payroll as the largest business expense—is becoming increasingly more difficult to control as companies expand across borders and grow through acquisitions. Therefore effective budgeting, planning, and management of T&E expenses is critical for companies of all sizes in 2015 and beyond. How does your company’s overall Travel and Entertainment spend, and spend within key categories, compare with other companies? How are companies leveraging automation to better understand and control how employees are spending the company dime? Unfortunately, benchmarks for overall T&E spend and key T&E spend within each categories are all but impossible to find. The good news is that Robert Neveu President & Co-founder, Certify will join us to reveal the latest buying trends in business travel based on research from Certify's SpendSmart Report, based on receipts and expenses data from over six million transactions and transaction-based data from Seamless.

2015 T&E Expense Benchmarking: Are Your Employees Splurging on the Company Dime

Proformative, Inc.

Unlocking the Value of Regulatory Compliance to Advance Financial Planning &...

Proformative, Inc.

As we predicted in our last Proformative VC update, 2014 is turning into an exciting year for venture capital, with increased investing activity and headline-grabbing exits. Please join representatives from PwC’s Emerging Company Services Group as they provide an overview of recent venture capital investment trends, interpreting findings from the PricewaterhouseCoopers/National Venture Capital Association MoneyTree™ Report, based on data from Thomson Reuters.

PwC Presents: VC Investing – Major trends from Q3 2014

Proformative, Inc.

Acquiring, retaining and motivating the right talent continues to top the list of challenges identified by CFOs and other C-Suite executives at companies of all sizes. Incentive compensation plans that miss the mark can damage any company’s profitability, and even put the future of a company at risk. Yet, despite with the availability of data to better understand the behaviors of customers and those tasked with engaging and managing them, incentive compensation design and management still often fails to get its due. Join us as Erik Charles, Principal Incentives Strategist, Xactly explains the science of an effective incentive compensation program including the essential components of its DNA.

The Science of Incentive Compensation Programs: The DNA of What Works

Proformative, Inc.

Using Real-Time Financial Benchmarks to Drive Dynamic Decision-Making and Action

Proformative, Inc.

This issuance of the new standard for revenue recognition finally happened in May 2014, and will replace the current guidance in US GAAP and IFRS for revenue recognition. The new revenue rules which represent a paradigm shift from a rules-based to a principles-based guidance can impact several facets of a business. Companies will need to adjust policies and design new processes to ensure compliance.

The New World of Revenue Recognition: A Deep Dive into the 5 Steps to Recogni...

Proformative, Inc.

Effectively managing resources is challenging for any company, and a lack of visibility into information on operational factors that impact margins and drive demand makes it nearly impossible. Despite the fact that companies dedicate 36 percent of revenues to human capital, many accept having less than 20/20 vision into the return they’re getting from this huge investment. How are companies leveraging technology to enable systems across the enterprise (from HR to Finance) to communicate with each other to deliver the real-time information company leaders need to optimize company investments, and the consumption of company resources. Join us as Elliott Lester, VP of IT at ReddyIce shares how his company was able to leverage enterprise-wide visibility to break down operational silos, transform processes, improve product margins, and develop actionable metrics to drive the allocation of key company resources to transform from a company on the brink of extinction to a market leader with sustainable competitive advantage. Manish Patel, Global Vice President of Collaborative Solutions, will join Elliott in sharing actionable advice for companies to leverage

Aligning HR & Finance: How ReddyIce Transformed to Market Leader

Proformative, Inc.

Despite the explosion of cloud computing and related technologies, many organizations are still far from where they want and need to be in terms of driving performance. Companies still often make strategic and operational decisions based on incomplete or untimely data, incomplete analysis, and even pure intuition. There is much talk about how to leverage analytics and dynamic forecasting and planning to impact company performance, but how is it actually done? Join us to discover how companies are aligning process and technology to combine historical and real-time data into what-if scenarios and risk-adjusted forecasts that improve both financial and operational performance, and even putting intuitive statistical analysis in the hands of every company manager and stakeholder to sharpen decision-making across the enterprise.

Business Analytics, Forecasting, Financial Planning: The Recipe for Impacting...

Proformative, Inc.

PwC Presents: VC Investing – Major trends of the first half of 2014 and predi...

Proformative, Inc.

Like most businesses, Professional Services organizations need effective communication processes and 360 degree visibility across sales, services delivery, and finance. It’s no surprise that top-ranked services-driven businesses are more than twice as likely to use an integrated Professional Services Automation (PSA) solution to improve their back-office efficiencies and profit margins. In fact, organizations using PSA saw a nearly 20% increase in annual revenue, according to a recent Aberdeen report. Join Doug Tilley, General Manager of PSA Applications at FinancialForce.com, as he discusses findings from the 2014 Aberdeen report, Driving Back Office Profitability with Professional Services Automation, including how best-in-class organizations rely on PSA to ensure accuracy and compliance, increase efficiencies, and build greater profit margins in a services-focused business.

Driving Profitability with Professional Services Automation

Proformative, Inc.

Más de Proformative, Inc. (20)