Face it, we live in an as-it-happens world. Yesterday’s news today is old news. Like it or not, the accounting function is in the news distribution business. The financial stories it publishes can significantly influence the decisions made by management. However, the accounting discipline doesn’t churn out information like mass media. The financial close process has long been one of the most challenging processes for a financial leader to manage, optimize, and control.
Enterprise resource planning (ERP) projects represent a significant investment for most companies, so the need to ensure the ERP selection process leads to a successful deployment and user-adoption is ever-present. As you embark on your ERP journey, the number of questions for which you’re expected to get answers can be overwhelming. Add to that the
Finance and accounting teams in companies that use subscription- or contract-based billing can almost always count on additional work resulting from the ASC 606 revenue recognition criteria. Upsells, upgrades, and discounts now have to be accounted for under current guidelines as well as under the new revenue recognition standard. To successfully handle dual treatment of