Revenue Recognition Job Description
Revenue recognition
provides technical guidance and accounting oversight to regions and CSBG Organization for spares and service revenue recognition.
Revenue Recognition Duties & Responsibilities
To write an effective revenue recognition job description, begin by listing detailed duties, responsibilities and expectations. We have included revenue recognition job description templates that you can modify and use.
Sample responsibilities for this position include:
Ensure an appropriate accounting control environment that produces “ no surprises”, tightly manages the internal control environment, meets the requirements of the Company’s Internal Control Assessment supporting requirements of Sarbanes-Oxley, ensure “clean” internal and external audit reviews, adherence to accounting policies and authorization practices, and overall integrity of the financial statements
Review revenue contracts submitted by the Business and develop the proposed accounting treatment based upon the deal terms, the Company’s stated accounting policies, other authoritative literature
Provide technical accounting support to corporate accounting groups and the business units
Collaborate with the Technical Accounting function in Corporate Finance to update or create new policies for new scenarios or changing rules
Partner with Corporate Controller and Internal Audit in the management of financial accounting policies and procedures related to revenue recognition and internal controls
Collaborate with Shared Services General Accounting to ensure that the enterprise applies consistent coding and accuracy with journal entry activity across the enterprise
Ensure an appropriate accounting control environment
Responsible for global revenue accounting close for month-end and quarter-end
Support business and FP&A in assessing new deals for revenue recognition and other accounting implications to determine areas for optimization and process improvement and identify inherent risks related to revenue
Perform technical accounting review on contracts to ensure proper revenue recognition under US GAAP
Revenue Recognition Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Revenue Recognition
List any licenses or certifications required by the position: CPA, ERP, MBA, LEED
Education for Revenue Recognition
Typically a job would require a certain level of education.
Employers hiring for the revenue recognition job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Accounting, Finance, Business, Education, MBA, Management, Business/Administration, Communication, Financial Planning, English
Skills for Revenue Recognition
Desired skills for revenue recognition include:
Excel
Accounting
Technical accounting policies
Microsoft Excel and Power point
Software Development Life Cycle practices
Utilizing both Waterfall and Agile methodologies
Billing / cash application system
Commission agreements and broker contracts
US GAAP revenue recognition guidance for software/hardware/services
Microsoft Office
Desired experience for revenue recognition includes:
Implement revenue recognition reporting
Lead the company’s Revenue Recognition and Analytics function for certain businesses with direct ownership and accountability for the accuracy and integrity of the reported revenue and accounts receivable reserves
Develop a process for, and maintain “Central Awareness and Control” for other Company Revenues and Receivable Reserves from the remaining lines of business
Ensure the adherence to appropriate revenue recognition and accounts receivable reserve policies for all owned businesses which are in conformity with GAAP
Contribute to the Company’s Management Reporting to Senior Management (CFO, VP Controller) through contributions to the monthly “Accounts Receivable and Revenues Report”
Contribute to the Company’s establishment of a Revenue Analytics Center of Expertise with direct ownership and accountability for the analysis and explanation of significant trends, explaining monthly financial results, and the revenue and volume forecasting and budgeting process
Revenue Recognition Examples
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Revenue Recognition Job Description
Job Description Example
Our company is hiring for a revenue recognition. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for revenue recognition
- Review and analyze software contracts and document significant terms and accounting conclusions
- Research specific revenue recognition topics and summarize conclusions based on the guidance in the accounting literature
- Assist with the development of accounting policies and procedures to comply with the new revenue recognition standard
- Perform technical research on complex revenue accounting issues
- Drive process improvements and proactively recommend changes to continuously improve revenue accounting practices
- Specific areas of interest are revenue recognition, business combination, capital and operating leases, goodwill intangible assets, fair value measurements, joint ventures and strategic partnerships, derivatives, REIT accounting, M&A due diligent activities
- Present impact of significant accounting issues/position paper support to executives
- Provide training on new or existing accounting standards to company employees and staff
- Research technical accounting guidance and present to business partners in non-technical format that is easily understandable
- Help establish accounting policies that can be applied across multiple business groups
Qualifications for revenue recognition
- Contribute to the development and implementation of plans to centralize the revenue analysis, forecasting and budgeting processes (people, processes, SOP’s, checklists, system configuration and tools) to support efficient and effective analytics, forecasting and budgeting
- Develop a customer-service focused team of professionals that provide the highest level of service to its Business Partners across the organization, providing insightful analysis and support for driving business performance
- Continually reassess customer needs in light of business / market dynamics, proactively identifying trends and working with Business Partners to adjust deliverables accordingly
- Contribute to the design of business performance metrics and master data elements, including SOP’s that outline the source, governance and use of such metrics as it relates to revenues for areas supported
- Integrate data from across various groups to construct an overall understanding of our Revenue Performance that delivers meaningful insights
- Lead Revenue Analytics Reporting to supported Executive and Regional Leadership Teams through the production of an effective monthly “Revenue Analytics Report”
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Revenue Recognition Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of revenue recognition. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for revenue recognition
- Analyze deals for compliance with accounting policies and provide revenue recognition guidance to sales teams
- Identify and articulate complex revenue accounting issues clearly and concisely, and prepare revenue recognition positions for internal and external auditor review
- Work closely with Revenue Accounting team in the recording of revenue of current contracts in accordance with revenue recognition memos
- Assist in the adoption and implementation of the new revenue accounting standards in ASC 606
- Monitor all technical accounting developments and interpret technical requirements (SEC reporting requirements and ASC’s) as they pertain to revenue recognition for the entire company and develop and implement plans to meet the requirements
- Identify and implement process improvements in the current and future revenue accounting systems
- For transactions in the respective territories, preparation of final revenue recognition accounting conclusions and supporting documentation will be part of this role
- Accounting research related to revenue recognition may be necessary
- Develop in-depth understanding of K12 corporate financial accounting processes, compliance requirements, systems and reporting
- Prepare variety of process flow graphic and narrative documentation, analysis and tracking and training/reference materials for multiple users including accounting, finance, school and management purposes
Qualifications for revenue recognition
- Solid Revenue Recognition background
- Demonstrated track record in successful financial management
- 7+ years of directly applicable work experience in a similar Project Manager role at a top gaming, internet or technology company
- Understanding of key concepts under the new Revenue Standard (ASU No
- Undergraduate degree Bachelor of Arts or Science
- Experience in similar Project Management roles required
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Revenue Recognition Job Description
Job Description Example
Our company is looking to fill the role of revenue recognition. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for revenue recognition
- Preparation of final revenue recognition accounting conclusions and reporting
- Oversee and manage the FDM (financial data model) for the enterprise
- Collaborate with BI team to administer the monthly close process for revenue recognition ensuring $2 Billion in revenue is recorded in line with GAAP principles
- Collaborate with Corporate and F, P&A team on the design and on-going support of enterprise reporting needs
- Assume other finance responsibilities on an as-needed basis
- Ensure revenue transactions are recorded in compliance with ASC 605
- Work with cross functional staffs to research and analyze complex revenue recognition issues
- Prepare fair value analysis - VSOE and BESP
- Assist with the implementation of new revenue recognition standards
- Interact with external auditing teams
Qualifications for revenue recognition
- Good computer knowledge of MS Office, particularly Excel
- Demonstrated ability to meet deadlines while working on multiple projects in a fast-paced and rapidly changing environment
- Must be able to work in the details in order to generate the revenue recognition adjustments, but also must have the ability to look at the high level approach and results to determine if they are reasonable
- Evaluate fee agreements to ensure appropriate revenue recognition
- Certified Public Accountant credential
- Experience with business intelligence and financial reporting systems
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Revenue Recognition Job Description
Job Description Example
Our company is growing rapidly and is hiring for a revenue recognition. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for revenue recognition
- Partner with sales management and legal in driving the evaluation of deal structures to ensure compliance with US GAAP and revenue-recognition technical standards
- Review business unit financials with BU Controllers, CFO’s and GM’s and provide business unit and corporate level decision support with respect to the financial impact of the transaction/strategy
- Coordinate deployment of financial operations and representing Finance Shared Services
- Identifies opportunities for process improvement and policy development
- Provides deep process support for FSS Delivery Operations
- Develop market intelligence by being the expert on your buyers, how they buy and their buying criteria
- Prepare authoritative memorandums and other audit schedules required to substantiate the company’s position for revenue recognition in accordance with US GAAP
- Establish, modify and maintain appropriate company revenue recognition policies, procedures and internal controls to ensure revenue and cost of sales are properly recorded and reported in accordance with US GAAP
- Monitor and review contracts for multiple element arrangements that will require an analysis to allocate arrangement consideration using the relative selling price method on a monthly basis
- Perform annual VSOE analysis for software products
Qualifications for revenue recognition
- CPA with public accounting exposure is preferred
- Must have strong technical accounting knowledge
- At least two years working in a technology focused business
- Desire to working in a growing and evolving organization
- Bachelor’s degree in Accounting from an accredited university and experience of 12+ years overall or Master's degree and 10+ years of experience
- BS Degree in Accounting or related field / CPA required
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Revenue Recognition Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of revenue recognition. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for revenue recognition
- Assist with documentation and testing of SOX controls
- Perform special projects as requested by Global Revenue Controller
- The candidate will provide advice to the sales territory managers and legal during sales cycles on deal structuring in order to comply with revenue recognition guidelines
- Education and training to various groups on software revenue recognition “best practices” must be provided as part of this role
- Preparation and completion of other projects will be required from time-to-time
- The revenue recognition group is responsible for ensuring revenue is properly reflected on the financial statements
- Record and verify transactions in the revenue cycle in coordination with the Billing departmetn and within the monthly close cycle deadlines
- Prepares key revenue analytics to support public reporting disclosures
- Coordinate and compile documentation in support of Sarbanes-Oxley (SOX) and audit inquiries as needed to ensure corporate compliance
- Act as a liaison between regional and corporate staff
Qualifications for revenue recognition
- 9+ years of public accounting experience from a Big Four practice including national office or a combination of public/private with relevant experience
- Solid knowledge of GAAP and regulations, Biotech, Technology or Real Estate industry experience is a plus
- Will relocate
- Seven years of product marketing or similar experience
- Track record of driving sales results through effective execution of sales support and sales enablement
- Ability to lead matrixed resources to achieve goals