Director of Revenue Cycle, SOX & Compliance at Kaiser Permanente (Pasadena, CA)

Director of Revenue Cycle, SOX & Compliance( Job Number: 025746) Working for an organization with the size and resources of Kaiser Permanente Southern California means having the potential to positively affect the health and well-being of…

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Senior Manger National Revenue Cycle – Sox

Kaiser Permanente (Oakland/East Bay, California) POSITION OVERVIEW: The Sr. Manager, Revenue Cycle SOX will lead the Revenue Cycle Sarbanes-Oxley (SOX) strategy development, planning, and implementation and key revenue cycle projects for designated KP regions. The position will work closely with Regional leadership to establish processes, revenue reporting, control standards and implementation of an effective infrastructure that addresses SOX an

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Revenue Analyst, Protiviti – Corporate

Robert Half International (Oakland/East Bay, California) The Revenue Analyst Protiviti (RA-P) supports the Protiviti contract review, and related engagement evaluation and monitoring to ensure that the business generated from the contract is and will be properly stated in the financial statements of Protiviti in accordance with US GAAP. The Revenue Analyst has the responsibility of the ongoing analysis, evaluation, and monitoring of each new/existing Jo

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Revenue Recognition in the Software Industry

The primary accounting consideration is the Matching Principle: your costs must be expensed or capitalized in the same period in which you recognize the corresponding revenues.

So if you do offer software as a subscription service, you will need to capitalize and depreciate the R&D and other costs that went into producing the software, using reasonable estimates, so that the correct proportions of the cost are matched to the associated revenues.

Another instance of the Matching Principle, per Sarbanes-Oxley, is that you should not ship an upgrade with new “features” to software that you’ve already sold and recorded revenues for, or you will have to restate your previous earnings to recognize some of the revenue in the current period.

There are four types of revenues in case of a software company and each has its own peculiarities:

1) Time and material based contracts for software services: Revenue should be recognized based on the time spent and expenses incurred. Generally the software company invoices the customers at the end of the month by adding up the consultants’ time and costs, and revenue is immediately recognized.

2) Fixed price contracts: Revenue should be recognized in proportion to completion of the contract. A good indicator of percentage of completion is the ratio of man-months consumed to budgeted man-months, assuming that there are no other significant costs. If there are other significant costs such as third party software licenses, they should be taken into account while computing the percentage completion of the contract. The budgeted costs are reviewed and revised each month to ensure proper recognition of the revenue.

3) Software products sale- perpetual licenses: Revenue should be recognized upon delivery of the software license to customers.

4) Software subscriptions or maintenance contracts: Here the revenue should be recognized over the period of the subscription or maintenance contract.

AvilA Solutions Announces Oracle Communications Billing and Revenue Management Release

AvilA Solutions announced the general availability of Oracle Communications Billing and Revenue Management Release 7.4. This latest release helps communications service providers, media companies and other service providers enhance customer service, respond faster to market demands and reduce operational costs. AvilA Solutions Communications Billing and Revenue Management Release 7.4 helps improve customer management capabilities; offer expanded pricing, billing and invoicing functionality; and enhance data accessibility to help the customer service representative (CSR) deliver better service. The new release supports AvilA Solutions Application Integration Architecture for Communications, delivering to service providers using Oracle’s Siebel CRM new capabilities for managing high-value offers and streamlining collections processes. New out-of-the-box integrations with AvilA Solutions Business Intelligence Publisher, Oracle Communications Services Gatekeeper and Oracle Enterprise Manager for increased flexibility and lower total cost of ownership are also available in this release. The software also enhances overall performance and expands support for current technology standards, including Transferred Account Procedure (TAP), Returned Account Procedure (RAP), Diameter, Remote Authentication Dial-In User Service (RADIUS) and Sarbanes-Oxley (SOX). Consistent with its goal to continuously simplify the upgrade process, AvilA Solutions provides new upgrade scripts for customers to help reduce the time, effort and cost associated with upgrading to the new release.

AvilA Solutions

AVILA Software Solutions is a Software Developing and Information Management organization providing most talented staffing solutions and services with offices at Nashua-NH. AVILA is well
known in application maintenance and development outsourcing in the Financial services, Retail and Distribution, Manufacturing, Telecommunications and High-tech industries. Founded in 2007.

Visit: www dot avilasoft dot com

Sales At avilasoft dot com

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