The SOX 404 Compliance Countdown: Critical Revenue Recognition Need-To-Knows for Technology Companies

Sponsored By Softrax

Topics:

Accounting > Revenue Management

Compliance & Governance > Sarbanes-Oxley

View White Paper now

Free registration is required

Abstract:

At the heart of today’s corporate revenue recognition compliance activities will soon be The Sarbanes-Oxley Act’s Section 404, “Documenting and Evaluating Controls over Financial Reporting”. And technology firms, by virtue of their business models, will arguably be the most challenged by melding their revenue recognition practices with upcoming, even more demanding corporate governance surrounding financial controls. The industry norm is to use multi-element contracts, for which revenue recognition is a challenging process, as revenue recognition needs differ between the various contractual elements are recognized and allocated pursuant to the present FASB and SEC regulations and guidance.

DETAILS

Sponsored by: Softrax

Released: April 18, 2008

Length: 6 pages

Format: PDF (140 kb)

Email this abstract

These white papers are not created by the CFO.com editorial staff. In order to view these papers, you must register with CFO.com and agree to share your contact information with related product/service companies.

Search White Papers