Revenue Recognition and VSOE Consulting

Struggling with Revenue Recognition and VSOE? Managing revenue recognition is a significant challenge for Software and Construction companies. Particularly with stringent demands and increasing number of standards and rules issued by the AICPA, FASB and SEC (SOP 97-2 & 98-9, SOP 81-1, SAB 101, EITF 00-21, EITF 08-01 and EITF 09-03), revenue recognition has never been so complex.

As if these rules were not enough to throw your processes and procedures into a spin, it is reported that FASB (Financial Accounting Standards Board) are in discussion with IASB (International Accounting Standards Board) for convergence with international accounting rules (IFRS – International Financial Reporting Standards and IAS – International Accounting Standards).

Sererra can provide you with a fully integrated solution, in the cloud, that solves your revenue accounting challenges, with complete support for all key revenue recognition standards, automated revenue calculation, and fully integrated dashboards and reporting. Whether it is dealing with ever-changing licensing and distribution models or managing the complexities of multi-element contracts, we have the perfect solution to your woes. The result is greater ease of use and flexibility, better data integrity, more visibility and lower ongoing maintenance.

Our experienced consultants in the subject matter (US GAAP and IFRS) can advise you the best route to suit your business model, rather than change the way you do business.

REVENUE RECOGNITION IS SUPPORTED ON