The history of revenue recognition accounting requirements, including ASC 606 (Accounting Standards Codification) and IFRS 15 (International Financial Reporting Standards), has continued to evolve significantly over the years, driven by the need for clearer and more consistent guidelines in revenue reporting. Key elements of this revenue recognition evolution.
As discussed in this eBook, the latest leap forward from SAP is a Universal Revenue Recognition approach that enables companies to combine the capabilities of Event-Based Revenue Recognition and Contract-Based Revenue Recognition. With a 28 year track record as one of SAP's longest serving partners and the recognized experts in SAP revenue compliance and SAP BRIM/OTC offerings, the Bramasol team has deep experience tailoring SAP solutions to specific client requirements. By leveraging our leadership in deploying more RAR implementations than any other partner, Bramasol is also at the forefront of helping refine and deploy these new Universal RevRec capabilities.
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