Revenue Recognition

Revenue Recognition under US GAAP and/or IFRS

Implementation of current and new accounting standards

Software revenue recognition under ASC 986-605 (formerly SOP 97-2)
Multiple Element Arrangements under ASC 605-25 (formerly ASU 2009-13 and 2009-14)
Revenue recognition at SaaS Companies
Developing revenue models for Clean Tech and Bio Tech Companies
Develop or update accounting policy on revenue recognition

Review Revenue Contracts

Review existing revenue contracts
Determine contract term
Develop the correct revenue recognition
Interview sales force to validate contract terms, if needed
Populate contract database

Development of Master Agreement

Development of Master Sales Agreement
Segregate existing revenue contracts by amount to ascertain common contract terms
Prepare different contracts for different countries of operations
Develop standard contracts for each revenue category
Develop service agreements templates
Populate and/or revise contract database

Training Sales Team

Provide training for a company’s sales team
Implement formal revenue recognition policy
Implement quarterly sales certification process

Maintenance of Company’s Revenue Recognition Policy

Maintain a company’s revenue recognition policy
Develop Vendor Specific Objective Evidence (VSOE) or Best Estimated Selling Price
Quarterly/Annual update of VSOE Analysis
Develop support for revenue recognition