NETSUITE EVENTS TO SHOWCASE FIRST CLOUD SOFTWARE DESIGNED TO AUTOMATE REVENUE RECOGNITION FOR NEW FASB RULES
Experts from KPMG, Deloitte, Protiviti, Hein & Associates and Proformative Join NetSuite Executives to Share Best Practices for EITF 08-01 and EITF 09-03 in Boston, Denver and Austin
SAN MATEO, Calif. —August 23, 2010 —NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP software suites, today announced the details of three special events designed to help companies understand the highly complex processes required to comply with new Financial Accounting Standards Board (FASB) rules for revenue recognition of multi-element sales, known as EITF 08-01 and EITF 09-03. The event, "Revenue Recognition Transformation: Strategies to Succeed in 2010 and Beyond" will provide business executives with valuable guidance and introduce them to new processes and solutions designed to automate revenue recognition.
NetSuite COO Jim McGeever and NetSuite CFO Ron Gill will be joined by leading revenue recognition experts from KPMG, Deloitte, Hein & Associates LLP, Protiviti and Proformative. They’ll provide strategies, insights and considerations for businesses facing the deadline to comply with these new revenue recognition rules. Attendees will also see a live demonstration of cutting-edge NetSuite Advanced Revenue Recognition cloud technology that speeds the road to adoption and increases the efficiency of revenue accounting teams. For more information about NetSuite Advanced Revenue Recognition, please visit www.netsuite.com/compliance.
The seminars will be held in Denver, Boston and Austin:
For more information about these three events, please click here.
Strategies for Building Strong, Flexible Revenue Recognition Processes
At the seminars, finance experts from NetSuite, KPMG, Deloitte, Protiviti, Hein & Associates, and Proformative will show how the new FASB rules — and new concepts, like Estimated Selling Prices — may impact existing accounting, financial systems and business processes. They will also detail how to calculate revenue allocations more accurately, create full audit trails, reduce manual effort, and centralize control and compliance monitoring.
Topics will include:
For more information about NetSuite, visit www.netsuite.com.
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