Revenue Standards –Upcoming Changes (ASC 606)
The need for change to revenue management is being driven by FASB ASC 606-10-15-2 through 15-4 (commonly referred to as ASC 606), which effect all entities that contract with customers for the transfer of goods and services or other nonfinancial assets. The standard has outlined a basic process for identifying how revenue should be recognized.
With these new revenue recognition requirements, right around the corner, the highly decorated and experienced team at Explore Consulting is prepared to assist your organization with all your revenue management needs. Our certified consultants not only understand the upcoming changes, but they can assist you with implementing these complexities to be managed efficiently within your NetSuite environment.
NetSuite Advanced Revenue Management Overview