What you need to know about the ASC 606 revenue recognition standard
ASC 606: Accounting for Contracts with Customers, transforms the way all companies recognize revenue for the sale of goods and services. The implementation of the new standard impacts processes, people and systems for all sectors of the organization from the accounting and finance team to legal and human resources.
Justine Jacob, Senior Manager and Jordan Scheiderer, Director from MorganFranklin Consulting, have spent the last three years assisting public and private companies assess and implement ASC 606 and transform their revenue recognition processes. In this webinar they'll discuss the new standard, share lessons learned from previous implementations and identify the key areas of impact throughout the organization.
Watch this webinar to understand and implement the new revenue recognition standard:
- Hear a high-level overview of the new accounting standard and understand the key processes, skills and people needed to ensure a successful implementation.
- Understand the potential impact of ASC 606 on both your revenue recognition processes and the broader organization beyond accounting.
- Learn about our experiences with potential pre-and-post implementation pitfalls and trouble-spots.
- Hear about real-life updates made by our clients to technology, processes and people as a result of ASC 606
Jordan Scheiderer, Director
Jordan is a Director in the Accounting & Transaction Services solution, specifically focused on advising clients in revenue recognition matters from both technical and operational vantage points, and leading implementations of the New Standard. Jordan has spoken at several conferences and lead trainings discussing the business implications and considerations of the New Standard. She is a licensed CPA with 20 years of experience in accounting, auditing, financial reporting, consulting and management. Jordan has extensive experience in revenue recognition, process improvement, technical accounting, accounting system implementations and internal controls. She has served both public and private companies in a variety of industries, including government contracting, Software-as-a-Service, software, banking, venture capital, real estate and legal services. Jordan started her career with five years in the audit practice at Arthur Andersen LLP. Jordan earned a B.B.A. from James Madison University. She is a proven leader with strong technical, interpersonal and project management skills.
Justine Jacob, Senior Manager
Justine Jacob serves in MorganFranklin’s Accounting & Transaction Services practice addressing complex technical accounting issues, including variable interest entity, revenue recognition, ASC 606 implementation, purchase accounting, and financial reporting. She has ten years of experience in technical accounting and transaction support, including her role in MorganFranklin’s Technical Accounting Recource Center (TARC) where she helps clients implement new revenue recognition policies and tackle other complex issues. Prior to joining MorganFranklin, Justine served in the audit practice of Ernst & Young, LLP and as Manager, Finance Controls at Fannie Mae. Justine earned her Bachelors of Science Degree in Accounting & Business Administration from Washington & Lee University and has been CPA certified since 2009.