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Webinar: AAFCPAs Revenue Recognition Guidance for Businesses

Join AAFCPAs on Tuesday, June 12th from 12-1pm for a live, 1-hour revenue recognition implementation webinar!

AAFCPAs’ Nicole Zompa, CPA, Jeffrey Mead, CPA, CGMA and Tracy LeMaire, CPA, MBA will provide finance executives with an understanding of how the new standard could impact revenue recognition and company policies, and what they should be doing now to prepare for adoption.

Download Slides >> and please share with anyone who may benefit from attending this webinar.

This revenue recognition webinar will cover:

  • An overview of the revenue recognition standard
  • Effective dates and transition guidance
  • The key provisions and impact areas by industry
  • Practical considerations and challenges to IT systems and processes
  • Lessons learned from early adopters
  • Guidance on where you should be in the process for a successful 2019 implementation, and action you should take now

We will provide time at the end of this session to allow attendees to Ask Members of our Revenue Recognition Task Force any burning questions.

Revenue Recognition: ASU 2014-09, Revenue from Contracts with Customers (Topic 606), is effective for public business entities and certain not-for-profit entities with annual reporting periods beginning after December 15, 2017. All other entities are required to adopt this by annual reporting periods beginning after December 15, 2018. Entities may now early adopt.  This new standard may result in significant changes to the timing and amount of revenue recognized by an entity.

Complimentary Live Webinar

Tuesday, June 12th | 12:00 – 1:00pm
1 CPE Credit Available

Download Slides and Watch OnDemand >>

Nicole Zompa Partner  Jeffrey Mead CPA

Tracy LeMaire CPA

AAFCPAs’ Revenue Recognition Task Force

AAFCPAs’ Revenue Recognition Task Force includes senior level professionals who have been devoted to understanding and interpreting this ASU since the Financial Accounting Standards Board (FASB) announced the project. In this live, interactive educational webinar, we will provide guidance on the implementation of this complex new standard, including recommendations related to interpretation and situational judgments.

Technical Accounting Advisory

Understanding and implementing accounting standards can be complex, time-consuming, and often requires requisite skills and expertise not found on your internal finance team. AAFCPAs provides financial management assistance on these complex technical accounting issues, allowing clients to confidently apply the standard with greater efficiency and ease. Learn more about how AAFCPAs can help you implement the Revenue Recognition Standard.

About the Authors

Jeff Mead, Audit Partner
Jeffrey joined AAFCPAs as an Audit Partner in 2013 after 33 years in public accounting at national and regional firms. His skills are concentrated on closely-held, privately-owned and family owned businesses. Jeffrey's commercial audit expertise focuses on four distinct industries within the privately-owned company context: professional service firms, technology companies, publishing companies, and manufacturing companies. He also has extensive expertise with benefit plan audits which include 401(k), 403(b), defined benefit plans, and profit sharing plans. In addition to assurance services, Jeff’s specialties include strategic consulting in the areas of revenue recognition, particularly with software companies, and ownership transition challenges with respect to both external sales and that of an internal ownership transition.
Nicole Zompa, CPA
Nicole is a partner in the commercial assurance practice of AAFCPAs. She specializes in advising diverse commercial clients including: early-stage venture-backed companies, family owned and private equity owned companies, and mid-sized, multinational SEC registrants. Nicole provides sound financial management advice to clients in the specialty areas of: financial reporting, mergers, acquisitions & Initial Public Offerings. Nicole is Chair of AAFCPAs’ Revenue Recognition Task Force, and her technical accounting experience includes revenue recognition implementation, as well as stock option & equity-based compensation plans and International Financial Reporting Standards.
Tracy LeMaire CPA
Tracy is responsible for planning and executing financial statement attestations for privately-held commercial companies, including: manufacturing & distribution, physicians & private healthcare practices, transportation, retail, and professional services.  She specializes in compilations, reviews, and financial statement audits in accordance with generally accepted auditing standards, and standards for accounting and review services. She is a member of AAFCPAs’ Employee Benefit Plan Audit practice specializing in ERISA audits, including: 401(k) and 403(b) defined benefit plans. Tracy also has extensive experience with the preparation and filing of partnership and corporate income tax returns. Tracy is a leader in AAFCPAs’ Compilation and Review practice, responsible for monitoring standards changes, and providing interpretive guidance and implementation strategies for all preparation, compilation and review engagements. Tracy’s proven advice ensures that businesses are complying with the latest accounting standards, in addition to gaining strategic insight from the financial information.