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SEA: Lunch And Learn - Oracle Revenue Management Cloud
Thursday, February 8, 2018, 11:30 AM until 1:00 PM
Oracle’s Downtown Seattle Office in Russell Investment Center building.
1301 2nd Ave, Suite 6007
Seattle, WA 98101
Come join us for a half day of great learning, and it includes lunch!
Accelerating your Transition to the New Revenue Recognition Standard with Oracle Revenue Management Cloud
For the first time in several decades, the organizations that establish accounting and reporting standards for public and private companies – the Financial Accounting Standards Board (FASB) in the USA and the International Accounting Standards Board (IASB) – have announced new guidance for contract revenue recognition – ASC 606 and IFRS 15. The changes will take effect in 2018 financial reports for public companies and in 2019 financial reports for private companies. To comply, affected companies will need to review contracts and possibly restate timing of their revenue. It may be necessary to modify applications and change procedures in areas such as sales, accounting, financial reporting and internal audit.
Come join us at NWOUG to learn how to easily adopt, implement and comply with ASC 606 and IFRS 15 using Oracle Revenue Management Cloud to manage customer contracts and performance obligations easily and help you address the mandates of the new accounting guidance. Oracle Revenue Management Cloud is a centralized, automated revenue management solution that provides a configurable framework to automate the identification and creation of customer contracts and performance obligations, and their valuations, and resulting accounting entries, with the ability to recognize revenue over time or at a point in time. The solution also provides an option to calculate or load and manage standalone selling prices. Oracle Revenue Management Cloud is tightly integrated and can coexist with your Oracle eBS environment.
- Albert Ryan, Regional Lead Solution Consultant at Oracle
- Scott Mankin, Director Technology at Hackett Group Company
Lunch will be provided and networking opportunities will abound, register now and we will see you there! As always for Members there is no cost, for non-members the fee is $15, payable when you register.