Preparing Your Incentive Compensation Plans for the New Revenue Standards
Preparing Your Incentive Compensation Plans for the New Revenue Standards Dianne Ruaya 2017-03-29T13:46:51+00:00
Starting in 2018, the new revenue standards brought upon by ASC 606 / IFRS 15 will significantly impact how subscription-based businesses recognize revenue and account for the expenses associated with the incentive compensation they pay their sales teams.
According to a recent survey by Intacct, only 18% of finance professionals are confident their existing ERP can automatically handle the required changes and complexities ASC 606 / IFRS 15 will introduce. If you are responsible for designing and administering incentive compensation plans for a subscription-based business, your financial close process is about to get a lot more challenging.
If you are a finance professional dealing with incentive compensation planning and administration, you should view the recording of this session.
Here are the 3 key topics that were discussed during this webinar:
How the new revenue standards will change how incentive compensation expenses are accounted for and the impact these changes will have on the financial close process;
Incentive compensation plan design considerations based on the new revenue standards to ensure the interests of finance, sales operations and sales are aligned;
How to automate the incentive compensation accounting process to be compliant with the new revenue standards.
This webinar consists of a 30-minute presentation part followed by 10 minutes of Q&A.
See how you can create, manage and distribute compensation plans, calculations, and reports all on one platform.