The Advanced Revenue Management Essentials course is a comprehensive training program designed for both new and experienced professionals who manage and account for revenue in a corporate setting. It covers the intricacies of revenue recognition, helping learners understand the complexities of modern revenue accounting standards, such as ASC 606 and IFRS 15.
Module 1 introduces attendees to the basics of revenue recognition, laying the groundwork for more advanced concepts. Module 2 is tailored for administrators, focusing on account configuration, roles and permissions, and setting up revenue recognition rules. It also includes optional lessons on Fair Value Pricing and item configuration.
Module 3 is directed at revenue managers, diving into the practical aspects of managing revenue arrangements, revenue recognition plans, and month-end processing. Optional lessons on revenue allocation and recognition for projects are also available. Finally, Module 4 wraps up the course with a summary, consolidating the knowledge acquired.
By completing this course, learners will gain a solid foundation in Advanced Revenue Management, enabling them to effectively manage and report revenue according to current accounting standards.
