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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.
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♱ Excluding VAT/GST
You can request classroom training in any city on any date by Requesting More Information
Certainly! To ensure that participants are well-prepared to engage with and benefit from the Advanced Revenue Management Essentials course, the following prerequisites are recommended:
Understanding of Basic Accounting Principles: A foundational knowledge of general accounting practices and principles is essential to grasp the course content effectively.
Familiarity with Revenue Recognition Concepts: Prior exposure to the concepts of revenue recognition will be beneficial, as the course delves into specific rules and applications of revenue recognition.
Experience with Financial Management Software: Practical experience or familiarity with financial management systems or enterprise resource planning (ERP) software will help in understanding the configuration and management sections of the course.
Basic Administrative Skills: For those attending Module 2, having some experience with system administration, such as setting up user roles and permissions, is important.
Analytical Skills: Revenue managers should have the ability to analyze financial data, which will be crucial for Module 3 discussions on revenue arrangements and analytics.
By ensuring that these prerequisites are met, participants will be well-equipped to fully engage with and benefit from the Advanced Revenue Management Essentials course.
| Exam Component | Details |
|---|---|
| Exam Name | Advanced Revenue Management Essentials |
| Exam Type | Multiple Choice Questions (MCQs), Case Studies, or Scenarios |
| Total Questions | Varies by provider (e.g., 40-60 questions) |
| Passing Score | Typically around 70% |
| Exam Duration | Approximately 120-180 minutes |
| Language | English |
| Exam Provider | Specific institute or organization offering the certification |
| Exam Registration | Through the organization's official website or authorized centers |
| Certification Validity | Typically 1-3 years (varies by provider) |
| Recommended Training | Provided by the certification body which offers the exam |
The Advanced Revenue Management Essentials course is designed for professionals involved in financial processes and revenue optimization.
The Advanced Revenue Management Essentials course equips participants with comprehensive knowledge of revenue recognition, configuration, management, and reporting within a robust financial system.
