Executive Summary Organizations that enter into customer contracts must manage two closely related but fundamentally different business disciplines: contract lifecycle management (CLM) and revenue recognition and accounting. While both are anchored in the concept of […]
Under ASC 606 and IFRS 15, revenue is no longer about when you invoice or when you get paid.It is about when you earn the revenue by delivering value. To track this, accounting uses two […]
Executive Summary Under ASC 606 and IFRS 15, revenue is recognized when (or as) an entity satisfies a performance obligation by transferring control of a promised good or service to a customer. Although neither standard […]
1. Executive Summary ASC 606 and IFRS 15 fundamentally decouple billing, payment, and revenue recognition. A frequent area of misunderstanding is how a single billing event can legitimately result in multiple accounting entries, particularly involving […]
Understanding Revenue Constraints Under ASC 606 and IFRS 15 Revenue recognition under ASC 606 and IFRS 15 is fundamentally driven by the transfer of control of goods or services to a customer. However, in certain […]
Problem Statement: 1.1 Ambiguity between Dual Status Fields Within Oracle RMCS, there are two distinct status indicators that govern the revenue lifecycle: Satisfaction Status and Satisfaction Status of Additional Event (ASE). There is currently limited […]
In the world of Revenue Management (RMCS), few topics cause more confusion for implementation consultants and revenue teams than the distinction between Satisfaction Status and Satisfaction Status of Additional Event (ASE). At a glance, having […]
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