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Mastering ASC 606: Simplifying Revenue Recognition for B2B Software and Services

MASTERING ASC 606: SIMPLIFYING REVENUE RECOGNITION FOR B2B SOFTWARE AND SERVICES

Cost Free
Presentation Length 1.0 hour

Recorded DateJune 21, 2024
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaAccounting
Course LevelBasic
Course Description

This course is tailored to finance professionals in B2B software and services firms and will address common challenges with the ASC 606 "Revenue from Contracts with Customers" implementation and application.

Through this session, participants will gain insights into navigating the extensive 700-page ASC 606 standards. The presenter will delve into the concept of "performance obligation" and its impact on B2B software and service providers, providing clarity and practical skills for confident implementation in daily tasks. Attendees will leave this session with the ability to enhance revenue recognition accuracy and ensure compliance with ASC 606.

Learning Objectives:


  • Identify discrepancies within the current ASC 606 standards

  • Determine a simplified framework for efficient implementation of ASC 606

  • Recognize practical applications of the simplified model in revenue recognition scenarios

  • Outline the importance of complying with ASC 606 requirements

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Pamacafinancial

Paul Casey is a Financial Consultant with over 30 years of Finance and Accounting experience.  More than 10 years of his career has focused on revenue recognition for B2B software and services firms. 

About Our Presenter

Pamacafinancial
Pamaca Financial is the consulting practice of Paul Casey, a finance professional with 35 years of large corporate finance experience.  Paul has 26 years of Financial Planning and Analysis and Accounting experience and 9 years of investment management and transaction experience.

Pamaca Financial also has been assisting small business owners with their accounting needs since 2010.  We are experienced in bookkeeping, financial statement preparation, payroll management, sales tax and income tax filings.  Diana Dranko is the Head Bookkeeper