Revenue Recognition for SAAS Companies
Basics of Revenue Recognition for IT Auditors – what it means and how to identify controls
Recently Jay Swaminathan spoke with ISACA Silicon Valley Chapter about Revenue recognition for SAAS companies with a focus on NetSuite and internal controls

Introduction
Topic Introduction
Basic of Revenue Recognition
How does it play out in a SAAS industry
As an example, review how it will be implemented in an ERP system
Agenda
Basic Revenue Concepts
ASC 606 overview
606 for SAAS Companies
Typical contract nuances
Review NetSuite flow
- Documents & reports
Related configurations and setups
Typical extensions
Few automated controls
IT General control implications
Please see the slides below
If you need more details on NetSuite customization or on sales rebate please reach out to us at sales@appwrap.tech
Leveraging our experience in NetSuite, we present you a solution to identify issues.
Leave A Comment