1 CPE Credit

20-Minute Tales from the Frontlines of Finance.

ASC 606 and Commission Capitalization.

Fri, Feb 11 • 1:00pm ET / 10:00am PT

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 talk.

About

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.

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Three tips and tricks.

Speakers.

Ryan Dillard

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 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.

The value of strategic finance at your fast-growing company.

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Amer Ali, Head of Strategic Finance & BizOps at Netlify,  a Series C company that pioneered the Jamstack category. Recently, Amer was named one of Floodgate Fund’s Anchor List top strategic finance professionals.

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Dmitri Litin, Controller for AspireIQ, a community intelligence marketing platform.

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How to streamline the 4 operational areas of a fast growing company.

October, 2020

Meir Rotenberg is a highly experienced finance and operations executive with a deep focus on SaaS companies and especially leading startups to success. He is currently leading Revenue Operations and Financial Operations for Spiff.

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How remote work has impacted expense reimbursement policies.

October, 2020

Daryl Allen is the Director of Finance for Gremlin, an enterprise scaled Chaos Engineering platform. He has led the finance function since the company's formation and carried responsibilities over human resources and operations.

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Capacity planning for 2021.

December, 2020

It’s planning season and businesses everywhere are preparing 2021 budgets. In this session, Drew Schulz shares his novel, data-driven “capacity planning” model for creating budgets.

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Building scalable solutions for effective finance operations.

February, 2021

Join Teddy Collins, Sr. Director of Corporate Finance & IR at SeatGeek, in this conversation on how to set up your finance operations with scalable solutions. 

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How / When to migrate to a more efficient ERP.

March, 2021

There are many reasons why companies decide they need to switch their accounting software to a more comprehensive ERP solution. Whatever the reason, this big step involves many stakeholders and requires detailed planning.

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Setting up for success: How to establish finance and operations to support your company’s growth.

April, 2021

In this session, early stage start-up consultant Lisa Slater will share tips on how to establish efficient systems, processes, and operations. Startups are better served when founders are free to focus on product-market fit and go-to-market strategies rather than operational issues and back-office concerns. An efficient setup supports the growth that all startups seek. Getting it right provides the tools needed to make good business decisions, and sets companies up to take advantage of opportunities.

Lisa’s tale will focus on how to identify, corral and organize the deluge of data following seed financing when startups are in hyper growth mode.

Lisa began her career at PriceWaterhouseCoopers. After working in corporate finance for many years, she founded Three Butterflies Consulting. Her passion is to free up founders’ time by taking care of finance and operations, so they can focus on growth and innovation.

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Procure-to-pay process: Vendor evaluation.

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Gil Adler is the Corporate Controller at BLADE, a technology-powered global urban air mobility platform, committed to reducing travel friction, by enabling cost-effective air transportation alternatives to some of the most congested routes in the US and abroad. Blade is in the process of going public via a SPAC with Experience Investment Corp. Join us as he shares his tales about the procure-to-pay process especially for companies growing from early stage to middle market. When the finance team is charged with handling RFPs for all departments, it needs to build an end-user mindset and a process that evaluates beyond price. Gil will discuss how he has found ways to shore up product knowledge and assess vendors without relying solely on Gartner or other third-party rating sites. He will share tips and tricks on the right questions to ask, and how to work cross-functionally in an organization when a product will be relied on by several departments. Our fun and informative 20 minute conversation will be followed by 10 minutes of your questions.

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High-impact finance teams.

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Sales tax on SaaS products: New rules – new remote practices — new exposure.

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How Airbase raised $60M in 10 days.

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How Airbase Founder and CEO, Thejo Kote, made his case to investors and closed a $60M Series B round in 10 days.

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Other 20-Minute Tales from the Frontlines of Finance.

The value of strategic finance at your fast-growing company.

September, 2020
Finance

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September, 2020
Accounting

Dmitri Litin, Controller for AspireIQ, a community intelligence marketing platform.

All 20-Minute Tales from the Frontlines of Finance.