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The Effects of Recurring Revenue Business Models on Revenue Recognition

Posted by Graham Hulme on Oct 15, 2021 5:16:42 PM

SOFTRAX partnered with Aria Systems in the summer of 2021 for the live webinar, “Recurring Revenue Ripples Through Revenue Recognition” to discuss how agility in serving customers with recurring revenue business models and precision and flexibility in revenue recognition go hand in hand. Senior Vice President and General Manager, Tom Zauli of SOFTRAX hosted this one-hour event alongside Director of Product Marketing, Michael Carrell of Aria Systems. 

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ASC 606 and Challenges to the Healthcare Industry

Posted by Graham Hulme on Sep 24, 2021 6:08:05 PM

It’s no surprise that the healthcare industry is facing unique and disruptive challenges that are affecting areas such as productivity, revenue cycle, and supply chain on a major scale. Given the current market, healthcare entities may find themselves strapped for resources ranging from supplies to staff, grappling with changes to insured populations, or even struggling to manage new business models such as subscriptions. These challenges are made more difficult with the financial and accounting complexities posed by the revenue recognition standard, ASC 606, Revenue from Contracts with Customers.

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Telecommunication and ASC 606: Revenue Recognition Under the New Standard

Posted by Graham Hulme on Aug 13, 2021 2:58:39 PM

The telecommunications industry has been grappling with the new levels of complexity presented by the revenue recognition standard, ASC 606. For telecommunications entities, notable challenges include those related to determining performance obligations and transaction prices among other revenue recognition processes.

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ASC 606 Revenue Recognition Impacts on Media and Entertainment Companies

Posted by Graham Hulme on Jun 15, 2021 4:46:39 PM

The new revenue recognition accounting standard update, ASC 606, issued by the Financial Accounting Standards Board (FASB) has caused significant disruption in the back office.  Adoption of the new standard will impact people, policies, processes, and systems.  For media and entertainment (M&E) entities that account for revenue under U.S. GAAP, it raises several accounting issues.

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ASC 606 Impact on Construction Company Revenue Recognition

Posted by Graham Hulme on Jun 8, 2021 3:47:45 PM

Should revenue be recognized at a point in time or over time following the new revenue recognition standard for construction companies?

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Revenue Recognition - ASC 606 Roundup

Posted by Graham Hulme on May 20, 2019 8:30:00 AM

To quickly identify ASC 606 information in the below links, click on the link, hit Control + F, enter the text “606”, “2014-09”, or “ASC” and go to your search results.

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Revenue Recognition - ASC 606 Roundup: 5/13/2019

Posted by Graham Hulme on May 13, 2019 8:00:00 AM

To quickly identify ASC 606 information in the below links, click on the link, hit Control + F, enter the text “606”, “2014-09”, or “ASC” and go to your search results.

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Private Companies: Beware of SEC Scrutiny

Posted by Graham Hulme on May 1, 2019 6:30:00 AM

The Securities and Exchange Commission is bringing case after case charging private companies and their executives with fraud.

Read the full CFO Article here.

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Revenue Recognition - ASC 606 Roundup: 3/25/2019

Posted by Graham Hulme on Mar 25, 2019 9:50:00 AM

To quickly identify ASC 606 information in the below links, click on the link, hit Control + F, enter the text “606”, “2014-09”, or “ASC” and go to your search results.

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Revenue Recognition - ASC 606 Roundup: 3/20/2019

Posted by Graham Hulme on Mar 22, 2019 9:39:44 AM

To quickly identify ASC 606 information in the below links, click on the link, hit Control + F, enter the text “606”, “2014-09”, or “ASC” and go to your search results.

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