To conclude the discussion outlined in Blog Step 5, our experts discuss the methods of measuring progress so that outcome is accurately recorded and provide case studies for the various methods of progress measurement delivered in Oracle Projects:
This step 5 of this blog series, our experts examine the impacts of ASC 606, Revenue from Contracts with Customers, and introduce the use of Oracle Projects to facilitate compliance with the new revenue recognition standards and five-step process:
Allocate Variable Consideration and Volume Discounts. In step 4 of this blog series, our experts outline how to use Oracle EBS Projects to complete Step 4 and allocate the transaction price across obligations for each of the three service contracts discussed:
Part 3 of this blog series continues our discussion on the impacts of the new ASC 606 revenue recognition standard issued by FASB and IASB and reviews the third step in the five-step model for recognizing revenue from contracts with customers. Read about determining the transaction price:
A performance obligation (commonly referred to as deliverables) is a promise to transfer goods or services to a customer. A good or service is distinct when the customer can benefit from said good or service on its own or with resources the customer already has. Continue reading part 2 of this blog series:
What is Project Portfolio Management? Project Portfolio Management (PPM) is used by organizations to strategically identify, select, and manage their portfolio of projects in alignment with key performance metrics and strategic business objectives. In this blog, our experts dive into the why:
ASC 606 is the newest revenue recognition standard issued by FASB and IASB. The new standard provides a five-step model for recognizing revenue from customer contracts. This blog outlines the first step and demonstrates how to complete step 1 for the three common contract types:
These changes are only a few quarters away. Are you ready? The core principle in the converged standard requires that an entity recognize revenue to depict the transfer of promised goods or services to a customer in an amount that reflects the consideration in exchange for those goods and services. Learn more:
Do you find your Project Managers and financial reporting teams manually tracking budgets with spreadsheets? In this blog, we will walk through the basic structure of Project Budgeting and how it can be easily used to baseline the financial revenues, cost, and margin associated with a project:
Learn how Unifier Cloud was to manage costs for a nationwide project portfolio. 30 business processes assist the client in managing budgets, commitments, spending, and forecasts. The native Cash Flow Manager and custom reports provide real-time project control data. Continue reading:
