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New Revenue Recognition Guidelines: For Some, it’s New; for Oracle, it’s Déjà Vu

Part six of a 6-part series on new revenue recognition guidelines. So now you’re faced with the challenge of introducing new revenue recognition guidelines to your organization. You realize that changes to your ERP systems are required, but you may not be quite sure what the final rules and procedures will look like. And, in any case, it’s going to take some time to make the required system changes. Are you at a standstill?   Good news! There is a way to get ahead of your...

Monday, May 16, 2016 | Read More

Oracle EPM Cloud is on a Roll – Introducing 3 New Services

Oracle EPM Cloud is on a roll.  With more than 1200 customers and nearly 70,000 users gained over the last two years with our Planning and Budgeting Cloud and Enterprise Performance Reporting Cloud solutions, we are continuing the momentum with the availability of 3 new EPM Cloud offerings  –  Enterprise Planning Cloud, Account Reconciliation Cloud, and Financial Consolidation and Close Cloud. What do Oracle Cloud customers think of our solutions?                           ...

Tuesday, May 10, 2016 | Read More

New Revenue Recognition Guidelines: What Should I be Doing?

Part 5 of a 6-part series on new revenue recognition guidelines. When considering the introduction of the revenue recognition guidelines, begin as soon as possible. Don’t wait until the “mandatory” date to address the new guidelines; it will be too late. Here are the typical stages that we see organizations going through as they prepare for the new revenue recognition guidelines: Stage 1: Study the impact and determine strategy     •    Define the procedures for assigning...

Monday, May 9, 2016 | Read More

New Revenue Recognition Guidelines: What Challenges Do the New Rules Present?

Part four of a 6-part series on new revenue recognition guidelines. The new revenue recognition guidelines, proposed jointly by FASB and IASB, will impact multiple areas of affected organizations. They are likely to affect IT systems, internal processes and controls. For many organizations, changes in the way revenue is recognized and reported will generate questions from external stakeholders and concerns from the organization’s staff.  With the new revenue recognition...

Monday, May 2, 2016 | Read More

New Revenue Recognition Guidelines: Who is Affected?

Part three of a 6-part series on new revenue recognition guidelines.   The new revenue recognition guidelines redefines “revenue” for every US GAAP and IFRS company.  But, its impact is more severe for companies who offer discounted goods and services alongside fully-priced goods or services, and for those who deliver to customers over extended time periods, or both simultaneously.    There are exceptions; the guidelines do not apply to organizations covered by other standards...

Monday, April 25, 2016 | Read More

The Impact of Not Changing

Guest Blogger Richard  Harsevoort How the World is Evolving As a consumer, we have acknowledged that we are living in the digital era. There are roughly 1 billion active websites and 2 billion smartphone users worldwide; meanwhile the number of fixed telephone lines has decreased over the last 9 years.  Companies may not see today how they will enact change tomorrow. According to Forrester: ‘only 27% of today’s businesses have a coherent digital strategy, which determines...

Thursday, April 21, 2016 | Read More
 

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