For SaaS controllers, it’s overwhelming to understand how to plan for, document, and implement the needed changes of ASC 606 revenue recognition while also keeping up with a growing business. The good news is that compliance with ASC 606 also creates an opportunity to put strategic performance obligations in place across key processes in billing and delivering value to your customers. Attend this session to learn three best practices on how to build your revenue recognition scenarios. Hear from renowned revenue recognition expert, Tony Sondhi, a member of the FASB Task Force for ASC 606, and learn from one of your peers, Ashmi Shah, SVP Finance at Talix, who has successfully implemented ASC 606.
- Everything in reporting revolves around timing, amount, and uncertainty. How you apply the standard to those 3 factors?
- What IS a Performance Obligation?
- What IS a DISTINCT Performance Obligation? And how is it different in a recurring revenue model?