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ASC606/IFRS15: Fulfill Preformation Obligations with Effective Project Management

4:30 PM–5:30 PM Apr 10, 2019

GH 4TH FL Texas Salon A

Description

Session ID: 11286

Abstract: The combination of Oracle E-Business Suite Projects and Oracle cloud Revenue Management product enables you to address the new revenue accounting requirements based on International Financial Reporting Standards (IFRS) 15 and ASC 606. Oracle Projects provides a framework to capture performance obligations and determine the project revenue based on your type of project. This session also covers the coexistence with Revenue Management product to handle the valuation, recognition and accounting.

Objective 1: Learn about the new accounting regulations from FASB and IFRS

Objective 2: Learn about Oracle Projects

Objective 3: Learn how Projects supports the new revenue recognition standards

Audience: -All-

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