Gain insight into the challenges in current practice related to recognizing revenue under ASC 606.
ASC 606 was effective for most non public companies in 2019. However, even after five years of experience, companies continue to encounter difficulties applying the new standard's guidance. This session will refresh your understanding of the five step process required by ASC 606 and provide insight into the challenges faced in practice in applying its precepts through real life examples and case studies. The session will focus on the more complex aspects of ASC 606 and provide insight into how to navigate those complexities.
Agenda
Faculty
Angela Newell
BDO USA P.A.
• Deputy Managing Principal of the Professional Practice Group of BDO USA P.A.
• More than 20 years of experience in both auditing and operational and financial reporting
• Works with audit engagement teams to determine the appropriate accounting for a variety of topics
• Served a four year rotation on the Financial Reporting Executive Committee of the AICPA as BDO’s representative, and previously served a prior term as an industry representative; served as a member of the AICPA’s Revenue Recognition Working Group
• M.S. and B.S. degrees, University of Arkansas
• Can be contacted at 214-689-5669 or [email protected]
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