Description

Recognize revenue before your contract is funded

How far along is your organization in assessing the new Revenue Recognition standard?

Is your organization currently subject to industry specific Revenue Recognition rules?

How Are the new Revenue Recognition standards impacting functional leaders across your business?

Are your organizations Revenue Recognition policies in line with the rest of the industry?

What differences the Revenue Recognition rules brought to your organizations financial statement?

...Find the answers to these, and more, questions with this Revenue Recognition Toolkit:

Deal with variable pricing and Revenue Recognition.
Get through the Revenue Recognition process.
Change the soft limit or hard limit amount for invoicing or Revenue Recognition.
Address and automate changing Revenue Recognition rules.
Simplify revenue deferral and accelerate Revenue Recognition while improving Finance productivity.
Change the types of transactions that can be invoiced and recognized for revenue.
Develop linear programming models for simple problems.
Increase your capability of being a successful entrepreneur.
Behave ethically when faced with financial or other types of pressure.

HOW THIS TOOLKIT WORKS:

Save time, empower your teams and effectively upgrade your processes with access to this practical Revenue Recognition Toolkit and guide. Address common challenges with best-practice templates, step-by-step work plans and maturity diagnostics for any Revenue Recognition related project.

Download the Toolkit and in Three Steps you will be guided from idea to implementation results.

The Toolkit contains the following practical and powerful enablers with new and updated Revenue Recognition specific requirements:

STEP 1: Get your bearings

Start with...

The latest quick edition of the Revenue Recognition Self Assessment book in PDF containing 49 requirements to perform a quickscan, get an overview and share with stakeholders.

Organized in a data driven improvement cycle RDMAICS (Recognize, Define, Measure, Analyze, Improve, Control and Sustain), check the…

Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation

Then find your goals...

STEP 2: Set concrete goals, tasks, dates and numbers you can track

Featuring 998 new and updated case-based questions, organized into seven core areas of process design, this Self-Assessment will help you identify areas in which Revenue Recognition improvements can be made.

Examples; 10 of the 998 standard requirements:

Are forfeited monetary instruments valued at market value at time of forfeiture with a corresponding revenue amount recognized and any liability related to a previous seized amount removed?
When service provider spending comes back, do you expect to start recognizing revenues immediately when orders are coming in, or is there any delay embedded in revenue recognition?
What is the effect on a multinational entitys transfer pricing strategy, especially when the transfer pricing is based on the amount of revenue recognized for financial reporting?
Is forfeited tangible, real, and intangible personal property recognized as an asset at its fair value at the time of forfeiture with an offsetting deferred revenue recognized?
What happens if you introduce a new product into the market at a lower introductory price than the higher price management intends to charge once the product is established?
Are the goods and services part of a series of distinct goods and services that are substantially the same and have the same pattern of transfer to the customer?
Are there prior year learnings relating to revenue recognition, leasing, asset valuations, income tax reporting and other areas that warrant further refinement?
Is it focussed on hard metrics as sales revenue, margin gross profit, ROI and shareholder value or soft metrics as net promoter score or brand recognition?
What are the differences between proportionate consolidation and recognition of assets, liabilities, revenues and expenses arising from a joint operation?
Has your organization entered into new lines of business or product sales that require it to reconsider its existing revenue recognition policies?

Complete the self assessment, on your own or with a team in a workshop setting. Use the workbook together with the self assessment requirements spreadsheet:

The workbook is the latest in-depth complete edition of the Revenue Recognition book in PDF containing 998 requirements, which criteria correspond to the criteria in...

Your Revenue Recognition self-assessment dashboard which gives you your dynamically prioritized projects-ready tool and shows your organization exactly what to do next:

The Self-Assessment Excel Dashboard; with the Revenue Recognition Self-Assessment and Scorecard you will develop a clear picture of which Revenue Recognition areas need attention, which requirements you should focus on and who will be responsible for them:

Shows your organization instant insight in areas for improvement: Auto generates reports, radar chart for maturity assessment, insights per process and participant and bespoke, ready to use, RACI Matrix
Gives you a professional Dashboard to guide and perform a thorough Revenue Recognition Self-Assessment
Is secure: Ensures offline data protection of your Self-Assessment results
Dynamically prioritized projects-ready RACI Matrix shows your organization exactly what to do next:

STEP 3: Implement, Track, follow up and revise strategy

The outcomes of STEP 2, the self assessment, are the inputs for STEP 3; Start and manage Revenue Recognition projects with the 62 implementation resources:

62 step-by-step Revenue Recognition Project Management Form Templates covering over 1500 Revenue Recognition project requirements and success criteria:

Examples; 10 of the check box criteria:

Source Selection Criteria: Comparison of each offers prices to the estimated prices -are there significant differences?
Activity Duration Estimates: Do you think many information technology professionals have experience writing RFPs and evaluating proposals for information technology Revenue Recognition projects?
Initiating Process Group: During which stage of Risk planning are risks prioritized based on probability and impact?
Risk Management Plan: For software; does the software interface with new or unproven hardware or unproven vendor products?
Planning Process Group: How many days can task X be late in starting without affecting the Revenue Recognition project completion date?
Procurement Management Plan: Have process improvement efforts been completed before requirements efforts begin?
Activity Duration Estimates: Are risks monitored to determine if an event has occurred or if the mitigation was successful?
Change Request: How are the measures for carrying out the change established?
Cost Management Plan: Is the Revenue Recognition project schedule available for all Revenue Recognition project team members to review?
Quality Audit: How does your organization know that its Strategic Plan is providing the best guidance for the future of your organization?

Step-by-step and complete Revenue Recognition Project Management Forms and Templates including check box criteria and templates.

1.0 Initiating Process Group:

1.1 Revenue Recognition project Charter
1.2 Stakeholder Register
1.3 Stakeholder Analysis Matrix

2.0 Planning Process Group:

2.1 Revenue Recognition project Management Plan
2.2 Scope Management Plan
2.3 Requirements Management Plan
2.4 Requirements Documentation
2.5 Requirements Traceability Matrix
2.6 Revenue Recognition project Scope Statement
2.7 Assumption and Constraint Log
2.8 Work Breakdown Structure
2.9 WBS Dictionary
2.10 Schedule Management Plan
2.11 Activity List
2.12 Activity Attributes
2.13 Milestone List
2.14 Network Diagram
2.15 Activity Resource Requirements
2.16 Resource Breakdown Structure
2.17 Activity Duration Estimates
2.18 Duration Estimating Worksheet
2.19 Revenue Recognition project Schedule
2.20 Cost Management Plan
2.21 Activity Cost Estimates
2.22 Cost Estimating Worksheet
2.23 Cost Baseline
2.24 Quality Management Plan
2.25 Quality Metrics
2.26 Process Improvement Plan
2.27 Responsibility Assignment Matrix
2.28 Roles and Responsibilities
2.29 Human Resource Management Plan
2.30 Communications Management Plan
2.31 Risk Management Plan
2.32 Risk Register
2.33 Probability and Impact Assessment
2.34 Probability and Impact Matrix
2.35 Risk Data Sheet
2.36 Procurement Management Plan
2.37 Source Selection Criteria
2.38 Stakeholder Management Plan
2.39 Change Management Plan

3.0 Executing Process Group:

3.1 Team Member Status Report
3.2 Change Request
3.3 Change Log
3.4 Decision Log
3.5 Quality Audit
3.6 Team Directory
3.7 Team Operating Agreement
3.8 Team Performance Assessment
3.9 Team Member Performance Assessment
3.10 Issue Log

4.0 Monitoring and Controlling Process Group:

4.1 Revenue Recognition project Performance Report
4.2 Variance Analysis
4.3 Earned Value Status
4.4 Risk Audit
4.5 Contractor Status Report
4.6 Formal Acceptance

5.0 Closing Process Group:

5.1 Procurement Audit
5.2 Contract Close-Out
5.3 Revenue Recognition project or Phase Close-Out
5.4 Lessons Learned

Results

With this Three Step process you will have all the tools you need for any Revenue Recognition project with this in-depth Revenue Recognition Toolkit.

In using the Toolkit you will be better able to:

Diagnose Revenue Recognition projects, initiatives, organizations, businesses and processes using accepted diagnostic standards and practices
Implement evidence-based best practice strategies aligned with overall goals
Integrate recent advances in Revenue Recognition and put process design strategies into practice according to best practice guidelines

Defining, designing, creating, and implementing a process to solve a business challenge or meet a business objective is the most valuable role; In EVERY company, organization and department.

Unless you are talking a one-time, single-use project within a business, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions. Someone capable of asking the right questions and step back and say, 'What are we really trying to accomplish here? And is there a different way to look at it?'

This Toolkit empowers people to do just that - whether their title is entrepreneur, manager, consultant, (Vice-)President, CxO etc... - they are the people who rule the future. They are the person who asks the right questions to make Revenue Recognition investments work better.

This Revenue Recognition All-Inclusive Toolkit enables You to be that person.

Includes lifetime updates

Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.

TRUSTED BY NEARLY 200.000 PROFESSIONALS:

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'One of my friends hired a consultant who used the knowledge gained working with his company to advise their competitor. Talk about a competitive disadvantage! The Art of Service allowed us to keep our knowledge from walking out the door along with a huge portion of our budget in consulting fees.'

'I used the questionnaires to interview members of my team. I never knew how many insights we could produce collectively with our internal knowledge.'

'As a new Chief Technology Officer, I was feeling unprepared and inadequate to be successful in my role. I ordered an IT toolkit Sunday night and was prepared Monday morning to shed light on areas of improvement within my organization. I no longer felt overwhelmed and intimidated, I was excited to share what I had learned.'

'Before The Art of Service, I waited eagerly for consulting company reports to come out each month. These reports kept us up to speed but provided little value because they put our competitors on the same playing field. With The Art of Service, we have uncovered unique insights to drive our business forward.'

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Checklists:

Checklists:Revenue Recognition Checklist Report on CUSTOMER.pdf

Checklists:Revenue Recognition Checklist Report on CONTRACT.pdf

Checklists:Revenue Recognition Checklist Report on ORGANIZATION.pdf

Checklists:Revenue Recognition Checklist Report on SERVICE.pdf

Checklists:Revenue Recognition Checklist Report on AMOUNT.pdf

Checklists:Revenue Recognition Checklist Report on STANDARD.pdf

Checklists:Revenue Recognition Checklist Report on IMPACT.pdf

Checklists:Revenue Recognition Checklist Report on REVENUE.pdf

Checklists:Revenue Recognition Checklist Report on PERFORMANCE.pdf

STEP 1 Get your bearings:

STEP 1 Get your bearings:Revenue_Recognition_Quick_Exploratory_Self-Assessment_Guide.pdf

STEP 1 Get your bearings:Revenue Recognition Self-Assessment Pre-Filled EXAMPLE.xlsx

STEP 2 Set concrete goals tasks dates and numbers you can track:

STEP 2 Set concrete goals tasks dates and numbers you can track:Revenue Recognition Self-Assessment.xlsx

STEP 2 Set concrete goals tasks dates and numbers you can track:Revenue_Recognition.pdf

..and the Project Management resources in 'STEP 3: Implement, Track, follow up and revise strategy' as described above.

Who This Toolkit Is For

This Toolkit is specifically designed for professionals who want to get results or those who want to sell more of their products and services such as…

Coaching or Consulting
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Events and seminars
Software / SaaS
Done-for-you Services

Bottom line, if you are managing high-end products and services, this toolkit will help you know more, see more and sell more - as well as train your people and co-workers to do so.

If you are a professional who wants to level-up, this Toolkit will help you do exactly that. And if you ever decide to launch products or services, this Toolkit will give you the skills that will not only serve you today as a professional but also in the future as an entrepreneur.

These skills will enrich every part of your life.

Are you ready to get started?

Are you clear on what you are struggling with, want to figure out what the problem is, diagnose it, and get a solution? The solution is something this Toolkit can provide, and we believe it can solve your problem, but you have to decide if you want to become a part of it or not.

Decision Making:

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The answer to this question is your REAL pain:

Why do you think this problem exists?
What have you tried to fix it?
How long has this been a problem?
Is this problem affecting your life in other ways, and how?

Tried:

What have you tried so far to fix this? Is there pain of frustration to solve this all on your own?

This Toolkit gives you your proven advisor, an advisor the vast majority of professionals do not use, because they do not know it exists. If you have tried Toolkits before, so have everyone else of our 200.000 clients. Once they use this Toolkit, they are shocked as to how they quickly get results.

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Why:

What is driving you to achieve that goal? How would that affect you or change your life. What would that look like.

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Ownership:

What is stopping you from achieving this all on your own without any help? If your answer is one of these three answers, this Toolkit is right for you:

I do not know how to do it
I want to follow a proven process from someone that has already done it
I want to get there faster

Commitment:

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The fact is, it is never a good time, it is never a good time to start a new program, and it is never a good time to fix a major problem. And even if you think a later time is a good time, you know something will come up. Life will keep happening. If you truly want to solve this problem, would you agree you have to commit to solving it even when it is not the perfect time?

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Revenue Recognition Toolkit