RevRecGals

In Episode 40, we talked about Transfer of Control over time. Now it's time to discuss indicators that Transfer of Control has occurred at a point in time. 

The RevRec Gals are welcoming 2025 with our 40th episode! Who knew there was so much to nerd out about related to Revenue Accounting? 

This episode's topic is transfer of control over time. We discuss the criteria and indicators for recognizing revenue over time. 

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Step 2 of ASC 606 is to identify your performance obligations. That task requires an understanding of how the guidance defines Distinct. Listen in as we discuss the nuances of determining if a good or service is distinct or distinct within the context of the contract.

In this episode, we are excited to welcome Jeff Alley of Everest Systems. The discussion covers a range of topics from the challenges faced by SaaS companies to how Revenue Accountants have a similar mind-set to system developers. He also tells us more about the SaaS ERP application his company is building which covers the full end-to-end process from booking to record and reporting.

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 determining the appropriate recognition for this service.

Join us in this episode for a discussion on implied performance obligations, the challenges they present, and where to look for them.

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.

Listen in as we dive into the topic of reserves and accruals. 

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 on how to better communicate with other teams within an organization with the help of AI.

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.

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.

Join us for a discussion on Key Metrics where we talk about challenges to defining and compiling the data.

Join us for a conversation regarding Costs to Obtain a Contract in which we discuss criteria for identifying  costs, recording costs, and practical expedients.

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. 

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.

Join us for a discussion on material rights in which we talk how they may be presented and the challenges of determining their value.

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. 

Join us for a discussion on Principal vs Agent and when revenue can be recognized on a gross versus net basis.