EXT15 - Standards for Revenue Recognition: Preparing for FASB ASU 606

Thursday, October 12
3:45 PM - 4:45 PM
Location: Bayou A - Delta Mezzanine Level M

Format: Presentation
Level: Intermediate
CPE: 1
Version: Any

New revenue recognition standards are arriving, and soon! Public companies must comply with these new regulations by the end of this year while private companies must comply by the end of 2018. Are you ready? Do you even know what being ready means? This comprehensive session will prepare you for what's down the road with FASB ASU 606.

Learning Objectives:

Jim Beers

Olympic Systems, Inc.

Jim founded Olympic Systems, Inc. in 1993 after becoming the first GP Dynamics VAR in Washington State. Olympic Systems became a leading VAR by focusing on larger, complex GP installations requiring special features available through customization. In 1999, we began work on Project Cost, a project cost accounting and financial reporting system. It is the most appropriate Project System available for Dynamics GP for government contractors.

Olympic Systems currently produces:
• Project Cost for Dynamics GP
• Exchange Rate Import for Dynamics GP
• Revenue Recognition supporting Financial Accounting Standards Board Accounting Standards Update 606 and International Financial Reporting
Standards 15 for any ERP system. This module will be offered in the cloud or on-premises.

Jim attended the University of Washington while earning a Bachelor’s of Science Degree in Civil Engineering and Harvard Business School while earning a Master’s in Business Administration. Prior to founding Olympic Systems, Jim served as Controller, Material Manager, Production Control Manager, and Systems Manager for a national consulting firm, an aerospace government contractor, and a medical equipment manufacturer.


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Standards for Revenue Recognition: Preparing for FASB ASU 606

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