New Revenue Recognition Rules are Here, But Companies Have Short Time Frame to Comply / NetSuite, Protiviti webinar offers strategic insight into the compliance process and how companies may be able to more closely align revenues with costs

MENLO PARK, Calif., Feb. 15 /PRNewswire/ --

WHAT: While many companies are lauding the long-term benefits of the Financial Accounting Standards Board's new revenue recognition rules, they're not looking forward to the short- term compliance crunch associated with the regulations, which take effect for fiscal years beginning on or after June 15, 2010. Experts from NetSuite and Protiviti will share insights for a more strategic, effective compliance process during a complimentary one-hour webinar: EITF 08-01 is Here - What It Means for Your Revenue Recognition Processes. The session will include analysis of crucial regulation details, rule adoption advice, and best practices for aligning processes with the new requirements. The information provided will be of special concern to those companies that sell multi- element products, such as software and services or hardware devices and software. Specific topics covered during the online event include: 1. An overview of the new rules 2. Key considerations for adoption 3. Best practices for aligning financial processes with the new rules 4. Cross-departmental considerations 5. What to look for in your financial and broader business systems WHEN: Wednesday, Feb. 17, 2010 at 11 a.m. PST/1 p.m. CST/2 p.m. EST WHO: Ron Gill, senior vice president of finance, NetSuite Inc. Steve Hobbs, managing director, Protiviti Inc. HOW: Register for this webinar by visiting http://www.netsuite.com/revrecognition (Logo: http://www.newscom.com/cgi-bin/prnh/20090115/AQTH541LOGO)

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Protiviti

CONTACT: Kathy Keller of Protiviti, [phone],
[e-mail]

Web Site: http://www.protiviti.com/