Subscription Management to RMCS-Revenue Recognition
SummarySubscription Management to RMCS-Revenue Recognition
I have below mentioned clarifications.
1) Subscription management as an independent module has capability to recognize revenue in compliance with ASC 606/IFRS 15 where in accounting rule provides for various options for immediate, deferral, prorate periods etc. Wanted to understand the rationale behind integration with RMCS for revenue recognition.
2)Wanted to know the event ( satisfaction event) which triggers in subscription management for revenue recognition in RMCS. Is this goes by assumption that end of each period, we assume revenue recognition in RMCS based on period expired ( warranty support 1 year- after 30 days) or does any other assumption exist