Don’t worry if you missed our IFRS 15 webinar on 28th November ‘New Revenue Recognition Standards – a Specific Approach for Professional Services Organizations’ below is a link to the replay.
IFRS 15 and ASC 606, which both come into effect soon, enshrine the principle that revenue should not be recognised until the obligations linked to it have been met. While relatively straightforward in many sectors, revenue recognition can be a particularly complex matter in professional services, due to factors such as work being done under an array of different contract models along with complex deliverables.
Isosceles Finance is delighted to join forces with Kimble Applications to present this webinar. Kimble helps professional services businesses by improving business performance, increasing visibility and providing enhanced company collaboration. They have experienced first-hand the business problems which result from the lack of adequate software to manage professional services.
Isosceles’ webinar presenter is Julie Farr. Julie has worked in finance for over 30 years and has significant technology industry experience in software development and services, IT and management consultancy services, e-learning services and biotechnology; working for small and medium-sized organisations, either privately owned or listed on the London Stock Exchange or the NYSE American. Julie provides CFO Services to a portfolio of Isosceles’ technology clients.
Julie Farr – is discussing:
- What the major changes of the standards are
- How they affect professional services organizations (and when)
- What actions professional service organizations need to take