The compliance deadline for the new revenue recognition standards are fast approaching. Yet, many companies are struggling to implement ASC 606 and IFRS 15 because they introduce significant changes that affect every aspect of accounting and reporting for revenue from contracts with customers.
Join Softrax and GAAP Dynamics on September 28th for a one hour webinar discussing the third step in the new 5-step model for recognizing revenue – Determine the Transaction Price. We’’ll discuss key aspects of the third step that are proving complex including calculating variable consideration, while considering the revenue constraint, factoring in the time value of money, and accounting for discounts and rebates. Learn how companies can manage these complexities, gain real time insight, and mitigate the risk of non-compliance through automation.
Mike is passionate about accounting. Not in the “do a research paper” sense, but in the “accounting training doesn’t have to be mind-numbingly boring” sense. He left KPMG to found GAAP Dynamics in 2001, because he believes well-done training can transform accounting firms and multinational companies.
From designing a Big 4 accounting firm’s global U.S. GAAP accreditation program to helping multinational clients determine the impact of an IFRS conversion, Mike brings energy to everything he does. Participant evaluation comments like “not your typical accountant” and “you have definitely found your calling” best describe Mike’s facilitation style in the classroom.
Kristen is a Sales Engineer in Softrax’s Boston office, focused on coordinating and streamlining the pre-sales process for the East Coast. She is an active CPA in the state of Massachusetts, and came to Softrax with consulting experience in Accounting, Strategy and Operations, and Technology and Innovations from Deloitte.