Prepare for ASC 606 with NetSuite ARM
RECORDED WEBCAST |
The effective date of Accounting Standards Codification (ASC) 606 is coming soon, bringing a new revenue recognition standard to both public and private companies. Many organizations may not have adequate systems to support the complexities of this new standard. NetSuite’s Advanced Revenue Management (ARM) replaces its previous revenue recognition module, providing an efficient framework for companies to meet the requirements of ASC 606.
Your organization can pair ARM with NetSuite’s Multi-Book solution to support your transition to the new standard’s requirements. View this recorded webcast to understand how NetSuite can help apply the principles of ASC 606 within your business including support of:
- Dimensional and date-driven standalone selling price (SSP) for revenue allocation.
- Various triggers for commencement as performance obligations are satisfied.
- Automated month-end close processes.
- Foreign currency and unbilled adjustments.