ASC 606, and IFRS 15 are here, and they are challenging the way companies calculate commissions.
Providing a new way of accounting for revenues on contracts with customers, under these new rules organizations can recognize revenue from a customer contract only when the customer is satisfied.
This report addresses the critical capabilities you need to consider to comply with the requirements of ASC 606/IFRS 15 including:
- Understanding the challenge for sales compensation management under ASC 606
- The impact on compensation calculation and reporting
- Managing the challenge