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Webinar Recording

Topic 606 Revenue Recognition: A Deep Dive into the 5 Steps to Recognition

Date: Thursday, May 21, 2015
Time: 2:00 pm - 3:00 pm EDT
This issuance of the new standard for revenue recognition finally happened in May 2014, and will replace the current guidance in US GAAP and IFRS for revenue recognition. The new revenue rules represent a paradigm shift from a rules-based to a principles-based guidance, impacting several facets of a business. Companies will need to adjust policies and design new processes to ensure compliance.

Join us as revenue recognition expert, Jeff Tchir, Director of Revenue Accounting, Silver Spring Networks:

  • Walks through five steps to revenue recognition in a methodological manner, with specific examples to drive home the technical application of the new guidance.
  • Dives deep into the key differences--including what potentially won’t be different vs. slightly different vs. significantly different.
  • Delivers insights that go well beyond recapping the highlights of the new guidance to offer actionable advice in designing and executing on policy changes
  • Clarifies the status of the proposed delay in effective date, and how it should work into your adoption plan.
After attending this event you will be able to:
Identify the relevant changes in the new revenue recognition guidance for your company
Discover the implications of “rules-based” and “principles-based” revenue recognition standards
Assess the technical aspects of the 5 Steps of revenue recognition in the new standard

Speakers

 Jeff Tchir, CPA, Director of Revenue Accounting, Silver Spring Networks
Jeff Tchir, CPA
Director of Revenue Accounting, Silver Spring Networks
At Silver Spring Networks, Jeff supports the sales and legal teams in strategic deal structuring and is responsible for the determination of and compliance with technical accounting policy with respect to revenue recognition. He is also the founder and technical advisor to a consulting group (RevRec.Net) focused on providing advisory services around all aspects of revenue recognition. In addition, he has served on the advisory board of Revstream, a revenue lifecycle management and billings solutions company. Prior to these roles, Jeff’s past experience includes client serving positions at Ernst & Young and Deloitte, as well as holding various positions within the controllership functions of both NetApp and Silicon Graphics.
Moderated by: John Kogan, CEO, Proformative
Moderated by: John Kogan
CEO, Proformative
John has been CFO at four technology companies, a finance executive at Cardinal Health, and in multiple roles at AlliedSignal and Cisco Systems. John has raised over $100M in equity capital and debt and has played central roles in numerous buy and sell-side transactions for both public and private companies. As COO at two companies, John also ran Engineering, Manufacturing and Customer Service operations. He has also founded, invested in and been a board member or advisor of a number of companies. John has a B.A. in Economics from Connecticut College and an MBA from the Fuqua School of Business at Duke 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.

Continuing Education Information

Certified Public Accountant

  • Continuing Education Credit
    1 CPE Credit
  • Field of Study
    Accounting
  • CPE Delivery Method
    Group-Internet
  • Program Location
    Online
  • Program Level
    Basic
  • Prerequisites
    No advanced preparation or prerequisites are required for this course.
  • Information
    cpe/qas logo
    Proformative is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
    NASBA – Sponsor Number: 109504
More information about CPE Credits