RevRecGals
Insight into the operational side of revenue recognition accounting. A casual conversation between two revenue consultants with 30+ years of combined experience. Join us as we discuss the practical application of ASC 606 and hear stories of how revenue recognition is implemented in various companies and industries.
Episodes
37 episodes
EP37 Case Study: HP Instant Ink
This episode is a bit different. It's what we call a Case Study. We've taken a product or service, in this case, the HP Instant Ink Plan, and based on the information available to us, discussed what the Revenue team might have considered in det...
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30:01
EP36 Portfolio Method Practical Expedient
ASC606 requires that adjustments to revenue be done at the transaction level. That's not always feasible due to a high volume of transactions or the inability to identify specific contracts to which the adjustment applies. In this episode, we d...
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19:56
EP35 Implied Performance Obligations
Join us in this episode for a discussion on implied performance obligations, the challenges they present, and where to look for them.
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24:42
EP34 Remaining Performance Obligations
This episode is all about Remaining Performance Obligations, a reporting requirement for quarterly and annual reports. We talk about the challenges of identifying and reporting on performance obligations not yet delivered.
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21:48
EP32 Guest Angela Liu
In this episode we welcome Angela Liu to the podcast for a discussion on usage and consumption based models. Hear her insights into the options for recognizing revenue under these models along with the challenges of each. She also provide ideas...
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37:58
EP31 Usage Based POBs
Listen in as we discuss the usage based performance obligations. Variable consideration, material rights, and SSP can all be impacted by how the deliverable is measured, tracked, and reported.
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21:14
EP30 Series of Distinct Performance Obligations
Listen in as we discuss the series of distinct performance obligation guidance. This topic covers how it's defined, circumstances which may impact the timing of recognition, and methods of recognition.
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20:32
EP29 Key Metrics
Join us for a discussion on Key Metrics where we talk about challenges to defining and compiling the data.
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23:17
EP28 Costs to Obtain a Contract
Join us for a conversation regarding Costs to Obtain a Contract in which we discuss criteria for identifying costs, recording costs, and practical expedients.
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25:58
EP27 Credit Memos
We are back discussing the topic of Credit Memos. In this episode, we discuss the different types of credit memos and treatments as well as best practices we've seen for handling high volumes.
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18:01
EP26 Collectibility and whether a Revenue Contract Exists
Listen in on our discussion around the topic of Collectibility, what factors may contribute to the assessment, and what to do when it's deemed a Revenue Contract doe not exist.
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22:39
EP25 Material Rights
Join us for a discussion on material rights in which we talk how they may be presented and the challenges of determining their value.
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25:10
EP24 Guest Em Daigle, host of The Closers podcast
Join us for a conversation with Em Diagle, host of The Closers podcast as we discuss the state of Revenue Accounting, the latest trends, working with other teams, and ways to advocate for more automation.
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36:10
EP23 Principal vs Agent
Join us for a discussion on Principal vs Agent and when revenue can be recognized on a gross versus net basis.
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27:16
EP22 Month End Close
Join us as we discuss best practices and suggestions to streamline the month end close.
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23:16
EP21 Guest Sharon Ng, Revenue Consultant
Join us for a discussion with fellow Revenue consultant, Sharon Ng, who provides her experiences with contract modifications.
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44:18
EP20 Contract Modifications
Join us as we discuss how to identify and account for contract modifications.
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21:32
EP19 Guest Rakesh Gorenta, Product Manager, Zuora
Join us as we welcome Rakesh Gorenta, Product Manager at Zuora, on the show to get his perspective on how to prepare for a successful implementation of a revenue application.
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38:05
EP18 Revenue System Configurations
We've talked about the systems that feed data into Revenue Engines and the data required for the Revenue Engine. Now it's time to talk about some of the configuration considerations when setting up the application.
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22:43
EP17 Guest Chris Gomez, Sr Revenue Manager, Zoom
Join us for a conversation with Chris Gomez, a Senior Revenue Manager at Zoom, as we discussion system and reporting support for the revenue team as well as the pros and cons of building a revenue system versus purchasing third-party soft...
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33:13
EP16 Revenue Systems Data
Join us for a discussion on the data needed to populate the revenue systems and hear about some of the challenges of acquiring it.
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36:20
EP15 Guest Jill Hauck, Revenue Operations Consultant
Join us for a conversation with Jill to hear about her experiences working with the revenue process and related systems.
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30:33