Leveraging NetSuite for ASC 606 adoption
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 using NetSuite may not yet have effective processes in place. 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, and how to implement ARM to support:
- 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
As the only CPA firm authorized to implement ARM for NetSuite, RSM is uniquely qualified to help answer all your ASC 606 questions. Leverage our unique organizational background in technical accounting and gain access to our ASC 606 accounting professionals to streamline your ARM implementation.