Business woman implementing ASC 606 revenue recognition automation

SOFTRAX ON-Demand Webinar

Preparing to Report on ASC 606 – A Survival Guide for Private Companies

This webcast will be presented by Steve Kovac in collaboration with Robert Casey, Jeff Duncan and Michael George of Aprio. With a focus on the successful implementation process of ASC 606 for private companies, we will explore:

  • ASC 606 compliance challenges
  • Preparing for transition
  • The process of successful implementation
Jeff Duncan
Michael George
Robert Casey
Steve Kovac

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What You’ll Learn in This Webinar

Preparing to report on ASC 606 - A Survival Guide for Private Companies

March 18, 2021 -- 1PM EST

In light of 2021's effective date of the ASC 606 revenue recognition standard for all nonpublic entities, Financial Consulting Practice Leader, Jeff Duncan of Aprio, Accounting Client Manager, Michael George of Aprio, and audit partner, Robert Casey, specializing in the technology industry at Aprio will partner with Steve Kovac of SOFTRAX to share knowledge and expertise surrounding ASC 606 implementation and the compliance challenges to be faced during transition for this webcast, "Preparing to Report on ASC 606 – A Survival Guide for Private Companies."

This webcast will focus on the following key areas as well as the critical concepts surrounding them and their practical application:

  • ASC 606 compliance challenges, including tracking data for new disclosures, allocating transaction consideration to performance obligations, and calculating and applying the SSP concept.
  • Preparing for transition from standing up a dedicated implementation committee to locating all revenue contracts and documenting implementation controls.
  • The process of successful implementation.

WHO SHOULD ATTEND:
Staff accountants, internal and external auditors, controllers, CFOs, and financial analysts responsible for financial reporting, presentation, and analysis of issues at their companies as well as all users of financial statements will find this webcast useful.

OBJECTIVES AND PREREQUISITES
Designed for private companies who have yet to begin the painful implementation process of ASC 606 as well as those who are in the early stages of the process, this webcast is designed to help you better understand ASC compliance challenges and how to successfully prepare for your transition. 

This Group Internet-Based course was CPE eligible during its original broadcast on March 18th, 2021. No CPE credit will be awarded for viewing the replay.

Given the introductory nature of this webcast, there are no prerequisites to viewing this webcast.

SOFTRAX 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.NASBARegistry.org.

Refund policy: as this is a free event, no refunds will be required.

About The Hosts

Michael George
Accounting Client Manager

Located in Atlanta, Georgia, Michael George joined Aprio in January of 2020. He is an experienced controller with a demonstrated history of working in the non-profit sector. George is a strong accounting professional, skilled in Nonprofit Organizations, Budgeting, Accounting, Generally Accepted Accounting Principles (GAAP), and General Ledger.

 

Jeff Duncan
Director | Senior Manager, Financial Consulting Services

Jeffrey is the leader of Financial Consulting Services at Aprio. Before joining Aprio, Jeffrey was with Deloitte, Cox Enterprises, Inc., and BDO Atlanta, Georgia.
In his role, Jeffrey provides advice related to technical accounting, business process automation, and financial reporting for U.S. and international companies, both public and private. He has significant experience in the technical accounting areas of revenue recognition, lease accounting, business combinations, share based compensation, spin-offs, and complex debt arrangements.


Jeffrey directed the Aprio Advisory Services go-to-market process for revenue recognition (ASC 606 / IFRS 15) including presentation of NASBA accredited Continuing Professional Education training on ASC 606 to multi-billion-dollar international public companies, and developing a strategic partnership with SOFTRAX, a leading revenue recognition software provider. He also directed Aprio’s go-to-market process for lease accounting (ASC 842 / IFRS 16) including spearheading a strategic partnership with LeaseQuery, a leading lease accounting software provider. He frequently presents on the lease accounting and implementation topics for the Georgia Society of Certified Public Accountants.

Robert Casey
Partner, Technology & Biosciences Group

Rob is known for combining deep, technical audit experience with common sense, resulting in not only time savings for his clients but also cost savings. His approach also reduces the complexity of quarterly filings and annual closings. He specializes in revenue recognition, working with high-tech companies, especially SaaS and software businesses.

Over the past 24 years, Rob has reviewed thousands of contracts in the manufacturing, distribution, technology and service company industries to discover potential revenue recognition issues. Rob’s expertise has led him to be the ideal business coach and consultant for many of his clients, positioning them for smart growth.

As part of his role at Aprio, Rob is the head of the International Financial Reporting Standards (IFRS) team, as many of his clients are located outside of the U.S. Additionally, he has extensive experience with purchase accounting, consolidation with non-controlling interest, changing ownership percentages and foreign subsidiaries.

Steve Kovac
Vice President of Customer Success, SOFTRAX

Over the past 10 years, Mr. Kovac has been the Chief Financial Officer of both First Broadcasting and Una Vez Mas Television Group, portfolio companies of Alta Communications, a prominent media private equity group in Boston. Mr. Kovac was CFO of a NASDAQ listed international technology manufacturer of networking equipment, served as COO and CFO of The People’s Network, a 24/7 network for The Success Channel, and as Regional CFO of AT&T Wireless Services after being the CFO on the startup team of the first Dallas mobile phone company. Steve began his career at Arthur Andersen & Company. Mr. Kovac was licensed as a CPA in Colorado and Texas.

To register for this free webinar, please submit the form at the top of your screen.