Oracle’s RMCS and all you want to know about the new revenue recognition standard: ASC 606/IFRS 15

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Chris StephensonBrad KwaitekPresented at COLLABORATE17 April 2017
Las Vegas, NV

Session: 10102
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Presented by: Brad Kwiatek, Grant Thornton and Chris Stephenson, Grant Thornton

Since issuing a new revenue standard in May 2014, the FASB has issued three Accounting Standards Updates to clarify and amend the guidance in ASC 606, Revenue from Contracts with Customers. This session will provide an overview of the new revenue standard including the amended guidance and provide transition considerations as you work through implementation efforts. We will discuss implementation considerations around Oracle’s recently released Revenue Management Cloud Service (RMCS) as part of this session.