ASC 606 Revenue Recognition | Workday Adaptive Planning Frameworks by Revelwood

This Workday-approved template demonstrates ASC 606 revenue recognition using Workday Adaptive Planning. Incorporating the requirements of ASC 606 revenue recognition into your forecast requires a fine-tuned and easy-to-use way to manage a variety of variables, such as assumptions for risk associated with financing, renewals in turn, accounting for attached services,  and keeping internal data in sync with your short-term and long-term budget or forecast data.

Watch this video for a demonstration of how to do ASC 606 revenue recognition in Workday Adaptive Planning.

Workday Adaptive Planning templates include models, formulas, reports and more for specific activities in Adaptive Planning. They adhere to best-practice guidelines and have been validated by Workday with Revelwood clients who have successfully used these frameworks and templates.