_revenue-recognition-for-saas-contracts.jpg "Revenue Recognition for SaaS Contracts from asc 606 software Video Screenshot Preview")
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⏲ Duration: 1 min 82 sec
✓ Published: 05-Apr-2024
✓ Published: 05-Apr-2024
Description:
Steve Keifer, Ordway's Chief Marketing Officer, explains the complexities associated with recognizing revenue for software contracts. He outlines the diverse range of revenue streams that accountants must consider ranging from subscription and usage-based pricing to professional services and premium support offerings.Additional topics include the importance of revenue recognition to investors, the potential for fraud, and the complexity of the accounting operations to comply with ASC 606 and I
Steve Keifer, Ordway's Chief Marketing Officer, explains the complexities associated with recognizing revenue for software contracts. He outlines the diverse range of revenue streams that accountants must consider ranging from subscription and usage-based pricing to professional services and premium support offerings.Additional topics include the importance of revenue recognition to investors, the potential for fraud, and the complexity of the accounting operations to comply with ASC 606 and I
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