The last in the series on the ‘Impact of ASC 606’ that a re-seller or a distributor business should be aware of with potential impacts to their business model is: “Modifications and Amendments to Contracts.” [The following is a partial transcription from the webcast, “Implementing ASC 606: Potential Changes to Distributor and Reseller Based Revenue […]
ASC 606, Potential Impacts to your Business Model: Part 2
Continuing the series on the ‘Impact of ASC 606’, here’s another area that a re-seller or a distributor business should be aware of with potential impacts to their business model: “How to Determine Estimated Transaction Price.” [The following is a partial transcription from the webcast, “Implementing ASC 606: Potential Changes to Distributor and Reseller Based […]
ASC 606, Potential Impacts to Your Business Model: Part 1
This is the first in a series of blog posts on the impact of ASC 606, the new revenue recognition standard, on your business and accounting if you’re a re-seller or a distributor business. This topic was discussed in depth in the free online webcast hosted by Tensoft on “Implementing ASC 606: Potential Changes to […]
Revenue Recognition for Technology Companies: Q & A
IMPORTANT NOTE: The information in this post is still accurate for current GAAP, until the ASC 606 standard is adopted. That will be in Jan 2018 for public companies, and Jan 2019 for most private companies. Last November, Jeffrey Werner gave a two-part training course on revenue recognition that covered a wide range of topics […]
Implementing ASC 606: Potential Changes to Subscription Based Revenue Recognition
Welcome to Tensoft’s- Implementing ASC 606, the new revenue recognition standard and some of the changes to SaaS and Subscription based revenue recognition models for technology companies. My name is Jeffrey Werner, I am with the Werner Consulting Group, the revenue recognition consulting practice. Here’s some of the potential changes that SaaS and subscription services […]
How to Be Ready for the New Revenue Recognition Standard?
This free webcast on how to be ready for the new revenue recognition standard was hosted by Tensoft and presented by Silicon Valley software revenue recognition expert, Jeffrey Werner. The following is a partial transcription of the beginning of the recording below: “Today we are going to talk about the new FASB IASB revenue recognition […]
Revenue Recognition for Services and Contracts
Missed Tensoft’s complimentary webcast on “Revenue Recognition for Services and Contracts”? Here’s an excerpt from that, followed by a recording of the entire event: “So what we will be looking at today is the various types of services and contracts that technology companies run into, so time and materials type of contracts, work on the […]
A Question on Stand-Alone Value for Delivered and Undelivered Items in a Multiple Element Arrangement
During one of the complimentary revenue recognition webcasts that I teach through Tensoft, an attendee asked the following question about the guidelines for multiple-element arrangements and the criteria for stand-alone value: “If I understand this correctly, only the ‘delivered item’ needs to have stand-alone value; the ‘undelivered item’ does not need to have stand-alone value […]
Revenue Recognition Two Day Online Training
On Tuesday, August 25 and Thursday, August 27, from 9 AM to 12:30 PM, I’ll be teaching an informative online training course on the New Revenue Recognition Standard. Tensoft will be hosting this event, which we provide to the public for an outstanding value. Anyone interested in this topic – or any accountants who are seeking […]
The New Revenue Recognition Standard Q&A
Tensoft hosted another installment of our free revenue recognition series on June 16, and I presented on the topic of “The New Revenue Recognition Standard.” We covered both background information about this topic, as well as the most recent developments in the new standard. If you missed it, you can view the recorded session, at […]