The ARM authorization is probably more often usefu...
# accountingc
Catherine Fray
08/31/2021, 12:50 PMThe ARM authorization is probably more often useful, IMO. I have taken both, so happy to answer any questions @Mika Hakkinen
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Mika Hakkinen
08/31/2021, 1:04 PMThank you. Which one would you say is easier for a non financial person to grasp ??
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Sciuridae54696d
08/31/2021, 1:18 PMI would actually consider where in the world you are, and if your country mainly takes in stuff that is IFRS.
If it's all IFRS, multibook would be less useful, ARM will help you in all the modern requirements for revenue recognition related requirements. For when you sign contracts for the year, billed quarterly, these occurrences are more frequent imo versus requirements for you to require create multibook for non-IFRS support.
Say japan, probably Mulitbook is also more worth it, if only just for fixed asset reasons (straight line for IFRS vs reducing balance)
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Catherine Fray
08/31/2021, 7:39 PM@Sciuridae54696d has great points. I would add that both of these contain serious accounting concepts that need study to get the correct setup for the client. Both can break financial results if done wrong, so your reputation as a consultant is on the line.
Catherine Fray
08/31/2021, 7:40 PMARM is easier to pass as a non-accountant. You take the trainings and answer the quizzes and then you are enabled. But there is a LOT you need to know to do ARM well, especially more complex scenarios, that is just not covered in the course.
Catherine Fray
08/31/2021, 7:40 PMMulti-book is the last enablement where you have to do a live demo in front of NetSuite staff to qualify.
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Mika Hakkinen
09/01/2021, 8:44 AMThank you both! @Catherine Fray and @Sciuridae54696d value both of your input!
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