Home / 20-Minute Tales From the Frontlines of Finance / ASC 606 and Commission Capitalization.

ASC 606 and Commission Capitalization.

In this session, we’ll look at how to determine the right commission expense policy and how to set up the necessary amortization schedules.

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About this webinar.

ASC 606 is the revenue recognition standard that sets global accounting principles for all private or public companies that enter sales agreements or contracts with customers. Along with ASC 606, ASC 340-40 was added to address accounting costs to obtain a contact and costs to fulfill a contract. Join us for this 20 Minute Tales from the Frontlines of Finance when Airbase Controller Kelly Hicks will ask Ryan Dillard, a Director at CBIZ ARC Consulting how to approach capitalizing sales commissions under ASC 340-40. They’ll discuss how to determine the right commission expense policy and how to set up the necessary amortization schedules. They’ll also discuss other expenses that could be considered for capitalization.

About the speakers.

Ryan Dillard

Ryan Dillard

Chief of Staff Director at CBIZ ARC Consulting LLC

Ryan has over 17 years of public accounting and consulting experience, serving primarily the technology industry, including SAAS, on-premise software, health-tech, and life sciences companies. He enjoys guiding the CBIZ ARC professionals as they help private and public companies in their complex accounting, financial reporting, and compliance needs. CBIZ ARC specializes in the adoption of new accounting pronouncements, analysis of complex debt and equity instruments, revenue recognition, leases, stock-based compensation, audit preparation, and financial reporting. CBIZ ARC Consulting LLC is a provider of non-attest accounting-related services in the fields of accounting, reporting, and compliance. Their goal is to be a valued business partner that provides clients with the highest quality service in today’s increasingly complex accounting and reporting environment. CBIZ ARC Consulting LLC is part of CBIZ Inc. (NYSE: CBZ), providing a comprehensive range of business services, products, and solutions that help their clients grow and succeed by better managing their finances and employees. When Ryan is not working, he enjoys working with the PFAC at Stanford Healthcare, making multiple trips to Disneyland, and playing the guitar.

Kelly Hicks

Kelly Hicks

Global Controller at Airbase

Kelly Hicks is the Global Controller of Airbase, a platform geared towards helping companies with their spend management. Prior to Airbase, Kelly was the first accounting hire at Anaplan (NYSE: PLAN), where she scaled the global accounting function from their Series C financing through IPO, supporting over $550 million in annual revenue across more than 1,750 customers, 2,100 employees and 16 countries. Kelly is a CPA with Big Four public accounting experience. She graduated with a Masters of Accounting and Information Systems and a BS in Business Administration and Accounting from the University of Kansas.

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