This blog will discuss the functionality and execution discipline of an integrated business application solution. This is the first blog in a series by Project Partners LLC, in which we will delve deeper into “How to Unlock and Maximize the Value” of each functional area of the services business lifecycle:
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:
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:
The latest release of Oracle E-Business Suite Projects applications offers many new features that further enhance your current implementation of Oracle E-Business Suite Project Costing, Billing, Planning and Control, and Project Contracts. Learn how the latest features will impact your organization:
Atkins was selected by Oracle to present a case study of their use of Oracle applications at OpenWorld, featuring mProjects Time Management. Download the presentation and watch the webinar:
