Revenue recognition

Note

These release notes describe functionality that may not have been released yet. To see when this functionality is planned to release, please review Summary of what’s new. Delivery timelines and projected functionality may change or may not ship (see Microsoft policy).

Revenue recognition management provides automation to help accounting and finance professionals comply with International Financial Reporting Standard (IFRS) 15 and Accounting Standards Codification (ASC) 606.

New capabilities will include support for product bundles and kits such as:

  • Software and maintenance
  • Software and services
  • Software
  • Hardware and service

These capabilities will handle deferred revenue, recognition schedules, subscriptions and renewals, and forecasting and reporting.