Oct 30, 2015
From the Advisory Institute
In this article for SAP's “Insider Profiles Magazine”, KPMG Principal Don Sobczak shares key steps CIOs preparing for new revenue recognition standards must take to identify and address gaps in their SAP ERP environments.
To help their enterprises comply in a timely and efficient manner, CIOs must understand:
- What business processes are impacted by revenue and cost recognition, both outside and within the SAP ERP environment?
- With what future revenue requirements will IT need to help the business be compliant?
- Will IT systems require different functionality as the organization moves to adopt the new revenue recognition standard?