New revenue recognition standards


New revenue recognition standards: What the rule changes mean for your business

New accounting standards for how organizations will recognize revenue (Revenue from Contracts with Customers) under IFRS/US GAAP will be effective in 2017 and force organizations to adapt their accounting technology, processes and policies to the new regulations. Companies will need to analyze the new rules, determine how they impact the business, and then make the changes to processes and systems that will enable them to operate in compliance, while maintaining business efficiency and effectiveness.

For a smooth transition, early preparation is not only recommended by experts, but crucial for successful compliance. With this in mind, smart companies are modifying processes and systems today, to ensure compliance and uninterrupted operations tomorrow.

In this session find out how:

An SAP and Nakisa solution, built from the ground up for compliance helps you to get ahead of the curve.
Nakisa’s accounting team successfully streamlined the management of a large number of software services contracts by customizing data capture fields based on their contractual terms.
The solution enables you to prepare for the new revenue recognition requirements and conduct forecast and analysis.

Our speakers:

Pete Graham

Pete Graham

Director, Solution Management, SAP

Pete currently leads the global activities on IFRS, accounting change such as revenue recognition, and mobility for Finance Solutions at SAP. Pete also covers in-memory and cloud solutions such as SAP Simple Finance. He often helps customers understand the latest information about SAP solutions and how SAP solutions can make their companies run better. Pete also works with SAP colleagues and Partners to bring new solutions to market. He has over 15 years of experience in the Enterprise Software industry in a variety of product and operational roles.

Romeo De Leon

VP, Product Management, Nakisa

As Vice President of Product Management, Romeo is responsible for defining Nakisa's overall solution roadmap and driving product innovation for our financial solutions. In this role, he develops and transforms Nakisa's product vision into long-term results that deliver exceptional value to Nakisa’s customers and partners.

Imran Mia

Imran Mia

Accounting Manager, Nakisa

Imran Mia is Nakisa’s Accounting Manager and is responsible for accounting of all financial operations. In this role Imran was closely involved in the development of the SAP® Lease Administration by Nakisa® solution and its internal implementation. Imran is a results-oriented finance and accounting professional with over 10 years of experience in financial and management procedures and has a strong expertise in IFRS and U.S. GAAP. Imran obtained his Master of Science degree from Nothumbria University in Newcastle, UK.

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