Essential Contract Revenue Knowledge on ASC 606 & IFRS 15 for Microsoft Dynamics AX
The primary purpose of the whitepaper is to raise awareness of the potential ERP implementation challenges facing customers and consultants who are implementing Microsoft Dynamics AX to handle the industry specific and business issues that fall under ASC 606 Revenue from Contracts with Customers.
The whitepaper provides background information related to the new revenue accounting standards and educational awareness of the new 5 Step Revenue Recognition Model provided by the standard Boards to implement ASC 606, IFRS 15.
From an implementation perspective, the whitepaper provides details of what drives complexity in implementing Dynamics AX related to contract, billing, and revenue recognition requirements and highlights possible solutions for your Microsoft Dynamics AX implementation.
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SK Global Software, with solutions deployed in the cloud and on-premise for more than 1,400 companies worldwide, is the leading provider of integrated banking, treasury and revenue automation solutions for Microsoft Dynamics AX.