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Webinar Recording

The New World of Revenue Recognition: Accounting is Only the Tip of the Iceberg

Date: Thursday, September 25, 2014
Time: 2:00 pm - 3:00 pm EDT There are no CPE Credits for this Solution Demonstration.
Last May, after more than a decade in the making, revenue recognition rules got a major overhaul. The significance should not only be measured in terms of the sheer number of companies that are impacted, but also by the fact that the new principles based guidance replaces over 100 pieces of more rules-based literature in the U.S. However, the road to implementation is not merely a basic accounting exercise. Compliance with the new rules will require significantly more data collection, analysis and documentation as principles based rules do not offer companies the option of relying on authoritative rules guidance. The new revenue rules can impact several facets of a business as many companies will need to design and leverage new processes and systems to ensure compliance.

How hard will it be for your company to get to the finish line? The answer depends on the complexity and variety of a company’s revenue arrangements, as well as internal resources, system solutions and internal processes. The key to a successful journey for your company is defining a specific roadmap for adoption to prevent costly detours along the way.

Join us as technical accounting expert, Kelley Wall, Director, RoseRyan:

  • Offers an overview of key elements of the revenue recognition rules changes released in May
  • Discusses the implications of specific elements of the new rules that will have different applications including collectability and contingencies
  • Explains why there is a steep learning curve associated with rules compliance in a principles-based environment
  • Delivers specific advice for companies to leverage in determining the potential impacts of the rules changes on their businesses , and how to get started on the road to adoption
After attending this event you will be able to:
Understand key revenue recognition rule changes, and their potential impact on your company’s internal processes and systems
Define your company’s roadmap to adopting new revenue recognition rules and rules changes relevant to your business
Identify the important rules implementation milestones for your company

Speakers

Kelley Wall, Director, RoseRyan
Kelley Wall
Director, RoseRyan
Kelley Wall leads the Technical Accounting Group (TAG) at RoseRyan, a finance and accounting consulting firm. She serves as a resource for both public and private companies, providing technical accounting and SEC expertise to her clients. She regularly advises clients on complex accounting matters, provides pre-contract advisory services, and assists companies with the interpretation and implementation of new accounting pronouncements. In addition, Kelley assists clients with strategic business transactions, including IPO’s, mergers and acquisitions, joint ventures and business divestitures.

Kelley joined RoseRyan in 2005. Prior to her consulting career, she held a number of senior management roles including SEC reporting, technical accounting, financial planning and analysis, stock administration, internal controls, worldwide consolidations, mergers and acquisitions, and investor relations. Kelley began her career at Price Waterhouse, now PricewaterhouseCoopers, and later returned to PwC as a Senior Manager in their National Office. She is a CPA and holds a Bachelor of Science degree in accounting from Santa Clara University.
Moderated by: Ernie Humphrey, Educational Programs Leader, Proformative
Moderated by: Ernie Humphrey
Educational Programs Leader, Proformative
Ernie currently serves as the CEO of 360 Thought Leadership Consulting and as the Educational Programs Leader for Proformative. 360 Thought Leadership Consulting helps companies define and unlock the strategic value of their thought leadership programs by delivering comprehensive marketing services and business development strategy consulting. Previously Ernie served as the Vice President, Educational & Marketing Programs for Proformative. Ernie has overseen the content and execution of over 200 events designed to further the careers of finance and accounting leaders and related professionals. Formerly, Ernie served as the Director of Treasury Services and as a Director of the Corporate Treasurers Council for the Association for Financial Professionals. Ernie has extensive experience in the areas of educational program development and execution, online marketing, website content management, international cash management, and acquisition integration. Ernie has a BS and MS in Economics both from Purdue University.

Sponsor

Event Sponsor Intacct
Intacct - Intacct is the cloud financial management company. Bringing cloud computing to finance and accounting, Intacct's award-winning applications are the preferred financial applications for AICPA business solutions. Intacct applications, in use by more than 8,500+ organizations from startups to public companies, are designed to improve company performance and make finance more productive. Hundreds of leading CPA firms and Value Added Resellers offer Intacct to their clients. The Intacct system includes accounting, contract management, revenue management, project and fund accounting, inventory management, purchasing, vendor management, financial consolidation and financial reporting applications, all delivered over the Internet via cloud computing.
By filling out this form you will become a member of Proformative, and are subject to Proformative's User Agreement. This webinar is provided to you for free by the sponsor, who may contact you later.

There are no CPE Credits for this Solution Demonstration.