Remove Financial Reporting Remove General Ledger Remove IFRS
article thumbnail

Top Five Questions Clients Are Asking About RevRec and Quote-to-Cash

Bramasol

Within the Five-Step model, Step 4 of ASC 606 and IFRS 15 requires an allocation of the total consideration in a contract, which your company is entitled to collect for each distinct performance obligation. Standalone Selling Price: What is SSP, why is it needed, and how is it determined?

SAP 72
article thumbnail

Universal RevRec - The Next Breakthrough in SAP Revenue Recognition Unification

Bramasol

Event-based revenue recognition is fully integrated with the General Ledger and the recognition data is stored in the same location as cost and revenue data. With Universal Parallel Accounting, you can benefit from the flexibility of the parallel ledgers not only in General Ledger Accounting but also in various subledgers.

SAP 59
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

What is the Financial Consolidation Process in the Accounting World?

Planful

Assets, Liabilities, Equity, Revenue, and Expense accounts) from multiple general ledger systems, and mapping it to a centralized chart of accounts. Consolidating the data following specific financial accounting rules and guidelines, such as U.S. GAAP or International Financial Reporting Standards (IFRS).

article thumbnail

10 Best FP&A Software Tools: A Comprehensive Buyer’s Guide [2023]

Onplan

Adaptive is one option companies use for modeling, budgeting, forecasting, and financial reporting. In addition to offering financial and sales planning solutions, Workday Adaptive also caters to workforce and operational planning needs. Automated reporting also enforces compliance with GAAP and IFRS standards.