Join us on April 12th as we demystify revenue recognition for technology companies – including from the investor’s perspective. Though it’s been in effect for a few years, ASC 606 still carries some ambiguity, in particular for our private equity clients and their portfolio companies. Cherry Bekaert’s advisors are here to help break down the reporting differences as well as provide recommendations related to the changes.

We’ll explore

• Deferred Commissions and Commission Structures
• Key Terms in a Contract
• Subscriptions vs. Term-Based Licenses
• Free Trial Periods
• Differences Between a Principal and an Agent
• How to Determine Expected Use

Objectives

• Understand differences between a term-based license and a subscription
• Understand how 606 makes companies defer commissions and over what period
• Be able to identify challenges with identifying and allocating performance obligations

Speakers

• Sean Geoghan, Principal – Deal Advisory Services
• Chase Wright, Partner and Accounting Advisory Leader
• Michael Valerio, Partner and Technology Industry Practice Leader

CPE Accreditation

Prerequisites | None
Advanced Preparation | None
Hours of CPE | 1 Hour
Program Level | Basic
CPE Category | Accounting, Auditing
CPE Capability | Technical Expertise/Problem Solving