Discussion on credit rebills and the ability of various revenue recognition software’s ability to meet customers specific use case needs.
Revenue Recognition Controls
Discussion focused on difficulties of smaller companies in early stage (Series A and Series B) developing proper revenue recognition controls and systems early on that can be leveraged as the company scales and the importance of thinking through future growth.
Stand-alone Selling Price (SSP)
Discussion surrounding proper treatment of SSP.
Discussion focused on best practices for documentation of assumptions made to establish SSP that are supportable under audit.
Cost Capitalization of obtaining a contract
Discussion on proper treatment of capitalizing cost of obtaining a contract. Specifically as it relates to using estimates to capitalize employee labor and benefits.
Discussion on disclosure requirements for Remaining Performance Obligations (RPO).