Thompson Government Contracting

The New Revenue Standard:
A Change That Impacts All Companies, But How?

Webinar • Tuesday, July 17, 2018 • 1:00-2:30 p.m. ET

Webinar Details

Subject: Federal Contracting

Prerequisites: None

Recommended Field of Study: Specialized Knowledge and Applications

Program Knowledge Level: Basic

Advanced Preparation: None

The new ASC 606 revenue standard is the most comprehensive and disruptive accounting change to hit businesses in decades. Unfortunately, many contractors don’t realize just how big an impact it will have—and not just on customer contracts.

ASC 606 requires accounting changes across your entire company. It will affect pricing, disclosure, debt, liabilities, receivables, investments and more. And while contractors know they must implement the new standard by the next reporting period, they’re seriously underestimating what that entails.

Don’t take that risk!

Register now for The New Revenue Standard: A Change That Impacts All Companies, But How?

In this 90-minute webinar, Aronson consultants La-Tasha Patel and Mary Beth Troy guide contractors through the company-wide impact of the new revenue standard. Explore best practices for adopting and working with ASC 606 requirements in accounting, finance, customer contracts and more.

Remove guesswork from implementation. From receivables to pricing and disclosure, you’ll learn how to align various departments with new requirements covering revenue from your contracts with customers. You’ll also gain tips for making sure all the processes and technology are up and running in time for the next reporting period. Plus, you’ll have the chance to ask your own questions during the Q&A portion of the webinar.

Reserve your space now for the know-how to implement the new standard so revenues keep flowing, including:

  • A practical overview of ASC 606
  • Potential impacts on your accounting processes
  • How customer contracts are affected
  • How financial statements must change
  • Considerations involving technology systems for complying with ASC 606

Remember, the impact of ASC 606 reaches beyond accounting and finance to touch every aspect of contracting.   Don’t miss this opportunity to align all your departments with the new requirements.

Register now for The New Revenue Standard: A Change That Impacts All Companies, But How?

The ASC 606 affects all companies, including government contractors. Members from all departments will benefit from attending.

Mary Beth Troy, CPA

Mary Beth Troy, CPA, is a senior manager in Aronson’s Quality Control Services Group with over 23 years of public accounting experience. Throughout her career, Mary Beth has served an extensive range of both public and privately-held clients across industries, from government contractors to clients within the technology sector.

Mary Beth is a recognized subject matter expert on complex accounting and financial reporting issues, including revenue recognition (ASC 605 and 606), share-based compensation, complex equity and debt financing transactions, business combinations, and related valuation issues. She has managed all phases of an assurance engagement, beginning with initial planning and ending with the completion of the financial statements and reporting the findings to management. Mary Beth’s problem-solving and organizational skills allow her to efficiently manage multiple assignments while meeting tight deadlines.

Prior to joining Aronson, Mary Beth spent over 20 years performing reporting and quality control reporting for-profit and nonprofit organizations at a global accounting firm

La-Tasha Patel, CPA

La-Tasha Patel, CPA is a managing consultant in Aron­son LLC’s Government Contract Services Group. With more than eight years of experience in the government contracting industry, she focuses on cost accounting standards (CAS), business systems, federal acquisition regulation (FAR), and audit support.

Throughout her career, La-Tasha has served the government contracting community in several capacities, using her in-depth knowledge of accounting areas related to business combinations, revenue recognition, consolidations, GAAP, internal control systems, financial reporting and analysis, financial risk, indirect rates and account reconciliation.  This diverse knowledge gives her the ability to perform an analysis with an understanding of the motivation of the stakeholder from each sector. As a result, La-Tasha is adept at providing practical solutions that achieve positive results for her clients.

La-Tasha is a motivated mentor and teacher, committed to sharing her knowledge with peers and helping her clients rethink their business strategies to achieve their goals.

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