REV REC

AcronymDefinition
REV RECRevenue Recognition (trade)
References in periodicals archive ?
Bramasol is the revenue recognition leader and a recognized services partner for the SAP Accounting and Reporting application (for ASC 606/IFRS 15) and leasing (for ASC 842/IFRS 16) for companies seeking to comply with and benefit from the new Rev Rec and leasing standards.
"When I get requests for extended terms, a couple things I tell people is that if you're asking for extended terms on something that's already been sold and invoiced, you have a potential revenue recognition (rev rec) issue because you've agreed to a sale with a contract and/or a purchase order, and now collection on that sale is no longer assured," said one attendee.
Bramasol is the Revenue Recognition leader and a recognized SAP Revenue Recognition services partner for companies seeking to comply with and benefit from the new Rev Rec standards.