Microsoft Dynamics 365 FinOps – New Book on Sales order based Revenue Recognition

 I am very much excited to announce the launch of my second Microsoft Dynamics 365 FinOps book on Amazon called “Microsoft Dynamics 365 FinOps – Sales Order-based Revenue Recognition In-depth”. Please check the link below. This book is available in paperback and e-book format (Kindle).

Link for Microsoft Dynamics 365 FinOps – Sales Order-based Revenue Recognition In-depth

Microsoft Dynamics 365 FinOps has a new offering – a new “Revenue Recognition” module where the revenue recognition is sales order-based. The module is introduced to empower the users to execute revenue recognition for contracts in line with rules and regulations as mentioned in IFRS 15.

This book has in total 256 pages and the pages are all coloured so that the screenshots are seen in much greater detail for better understanding. The book not only explains the topic theoretically but also has supporting T-account details which give an overall picture of the entire revenue recognition process. Please see the actual images of the paperback copy.

As mentioned earlier, I did write a book previously about fixed price projects revenue recognition. When I learnt about this new feature of sales order revenue recognition in the system, I thought of completing the loop. And hence created a book about this new sales order based revenue recognition, so that both of these two books together would broadly cover the revenue recognition area in Microsoft Dynamics 365 Finance and Operations system collectively and would be helpful for the end users as well as functional consultants.

Link for Microsoft Dynamics 365 FinOps Fixed Price Projects Revenue Recognition In-depth 

Hope the readers find this new book (and the previous one) insightful and hope they get more knowledge about how the system recognizes revenue using this new sales order-based revenue recognition offering.If you have any acquaintances, associates, colleagues, friends, relatives, and people you know, who work in Microsoft Dynamics 365 Finance and Operations, please share this news with them.

Thanks…Stay calm and safe!!

 

Kind regards

Sarang Kusare

New book on Microsoft Dynamics 365 FinOps – “Microsoft Dynamics 365 FinOps – Fixed Price Projects Revenue Recognition In-depth”

I have released a new paperback book called “Microsoft Dynamics 365 FinOps – Fixed Price Projects Revenue Recognition In-depth” on Amazon about the fixed price projects revenue recognition last Thursday .i.e. 27th September 2018. In this blog post i am going to talk about the book and the motivation behind that.

I knew basic fixed price projects revenue recognition and how to perform it in the system. However, when it came to knowing all the possible fixed price projects revenue recognition scenarios, i always had to dig the internet and find out how this scenario works and how that scenario works. And while doing that i realized that apart from the basic information about the fixed price revenue recognition, there was not much available on the internet. This triggered me write this book. I thought lets put all the logical and allowed scenarios on paper in details, along with the screenshots, explanation, supporting T-accounts, other relevant details, exceptions, shortcomings, specific behavior  and have it all in one place, in one book. The aim was to stop looking the internet endlessly for this topic henceforth.

What i did initially was plotted all the permutations and combinations with all the elements of the project group like 4 values of ‘Revenue recognition accounting rule’, 3 values of ‘Calculation methods’ and 4 values of ‘Matching principle’ and put them on excel sheet. The number came somewhere around 36. Also added further scenarios when i brought the ‘Cost template’ and its values for ‘Completion based on’ in scope. This added few more permutations and combinations with ‘Straight line’ and ‘WBS’ type of revenue recognition further adding to the scope. However, after trying each one of them by setting them up individually in the system, i concluded that 11 unique scenarios are the ones which i should be writing about in this book.

I decided to name it as “Microsoft Dynamics 365 FinOps – Fixed Price Projects Revenue Recognition In-depth” as this book gives the in-depth explanation for all the 11 scenarios along with all the accounting and relevant supporting details in over 200 pages. The second important decision was to print this book in COLOR, as the screenshots had many markings in RED, which i wanted the readers to really look at and understand it at once. The aim was always to uncover this complex beast of revenue recognition engine for fixed price projects.

Being a functional consultant, i have always faced many situations when client used to ask questions about a specific revenue recognition scenario and whether that is possible in the system and can i explain it. My regular answer was, “Let me get back to you on this”, as i knew that this is a complex area and this needs thorough preparation before presenting it to the client. Now with this book in place, i am personally in a much better position than what i was earlier. Not that i would answer all the questions about this topic instantly but at-least the turnaround time on them and the confidence would be much higher. I seriously feel that consultants working in the area of ‘Project management and accounting module’ of Microsoft Dynamics 365 FinOps, should definitely have a read through of this book.

Amazon link for the book is as follows: http://amzn.eu/d/7cEcot9

If you happen to read the book and if you wish to provide any feedback, then don’t hesitate to email it to me on kusaresarang@gmail.com. And if you like the book, then please write a review on Amazon, so that it would benefit other buyers too.

Thanks again!!

Kind Regards

Sarang Kusare