Adopting EITF08-1 will potentially help SaaS companies to be able to recognize revenue for professional services, independent of the subscription services duration and contract as long as they sell those as separate line item. Revenue Rec guidance are sometime vague and generally interpreted differently by different companies and auditors. and on top of that most companies perform their rev rec and schedules one excel - which is so error prone - evidence of several public companies who rushed to adopt this new guidnace and misstated their revenues.
rc
The best of ZDNet, delivered
ZDNet Newsletters
Get the best of ZDNet delivered straight to your inbox
