Flagship course

SaaS Revenue Recognition Audit

A practical sequence for auditing subscription revenue — from contract inventory to the questions external reviewers actually ask.

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Professional reviewing financial documents at a wooden desk

Learning outcomes

  • Inventory SaaS contracts and spot multi-element arrangements early.
  • Map performance obligations in plain language shared with RevOps.
  • Allocate transaction price using documented SSP sources.
  • Build and reconcile a deferred revenue waterfall to billing events.
  • Document modifications and usage exceptions with reviewable evidence.
  • Rehearse responses to common external audit inquiries.

Informational pricing

HK$2,480

Desk Pass (self-paced). Cohort Seat adds live workshops at HK$4,920. No payments are processed on this website.

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Modules

Six steps through the close

  • 1 · Contract inventory & scoping Collect active subscriptions, pilots, and add-ons. Define what is in scope for the audit period.
  • 2 · Performance obligations Separate stand-ready access from implementation and discrete services without inventing obligations that sales never promised.
  • 3 · SSP & allocation Document standalone selling prices and allocate the transaction price with a reproducible method.
  • 4 · Contract modifications clinic Treat seat expansions, extensions, and discount resets correctly — separate versus cumulative.
  • 5 · Deferred revenue waterfall & usage exceptions Reconcile recognition to cash and flag metered usage that lands late.
  • 6 · Workpapers & mock inquiry Package evidence and practice answering auditor questions under time pressure.

Instructor

Portrait of instructor Elaine Mok

Elaine Mok

Former audit manager turned SaaS finance advisor based in Hong Kong. Elaine has guided subscription companies through first-time external reviews of IFRS 15 and ASC 606 revenue, with a focus on evidence that travels well between RevOps and the ledger.

“The SSP module made our pricing committee write down assumptions they had only ever debated verbally.”
Jonas · Finance manager, HR tech
“Useful overall. The mock inquiry was tougher than our real auditors — which was the point — though I wanted more multi-entity examples.”
Priya N. · Mumbai

FAQ

Is this accounting advice for my company?

No. The course is educational. Your recognition policy should still be reviewed with your advisors and auditors.

Do you cover both ASC 606 and IFRS 15?

Yes, at a practical level. We highlight where wording differs and where Hong Kong teams typically map between the two.

What is a real limitation of this course?

We do not teach ERP configuration. If your bottleneck is a specific billing system’s revenue module, you will still need a systems specialist — our labs assume exports you can rearrange in spreadsheets or a data warehouse.

How long does the flagship take?

Most Desk Pass learners finish core modules in about 12 focused hours. Cohort Seats add four live sessions over three weeks.