CFO & Controllers SIG - Revenue Recognition Standard ASC 606 Lessons Learned
10/30/2019 7:30 AM - 9:00 AM
Event Description
Topic: Revenue Recognition Standard ASC 606 Lessons Learned
With the effective date of January 1, 2019 for ASC 606 for nonpublic entities, we will discuss lessons learned in the implementation and disclosure requirements.
Speakers:Mike Cannon and Sirena Johnson, Citrin Cooperman Government Contracting Practice
Speaker's Bios:
Mike Cannon, CPA Director, Government Contracting
Michael Cannon is an audit director based in the firm’s DC Metro offices (Tysons, VA and Bethesda, MD) with nine years of accounting experience in the government contracting industry. He specializes in providing audit, consulting, and accounting services to government contractors, non-profit entities, and employee benefit plans including ESOPs. He possesses a working knowledge of federal regulations, including Small Business Administration (SBA), 8(a) and Federal Acquisition Regulations (FAR), cost principles and accounting policies for federal government contractors.
In addition, he has experience consulting client management on overhead allocation methods; preparing overhead incurred cost submissions for the Defense Contract Audit Agency (“DCAA”); and assisting with DCAA accounting system reviews.
Prior to joining Citrin Cooperman, Michael was a manager at a leading accounting and professional services firm. He is knowledgeable of the Internal Revenue Code and Department of Labor regulations declared for employee benefit plans. Michael has provided consultation with various issues such as self-correction submissions with the Internal Revenue Service and recently issued accounting pronouncements effecting the industry.
Sirena Johnson Partner, Co-Practice Leader, Government Contracting
Sirena Johnson is a partner and co-practice leader of the firm’s Government Contracting Practice based in the firm’s DC Metro offices (Tysons, VA and Bethesda, MD). Sirena specializes in providing audit, consulting, and accounting services to government contractors, technology companies, and employee benefit plans.
Prior to joining Citrin, Sirena was a partner at another leading accounting and professional services firm. She has been awarded the George Mason University Alumni Association’s Alumni Service Award and the School of Business Alumni Service Award, and was named a Prominent Patriot for George Mason University in 2017. Sirena has also been named a “Super CPA” by the Virginia Society of Certified Public Accountants (VSCPA) and the Virginia Business Magazine in the category of Small Business Consulting.
About Citrin Cooperman: Citrin Cooperman is among the largest, full-service assurance, tax, and business advisory firms in the United States, having steadily built its business serving a diverse and loyal clientele since 1979. Our daily mission is to help our clients “focus on what counts.” Rooted in our core values, we provide a comprehensive, integrated business approach to traditional services, which includes proactive insights throughout the lifecycle of our clients; wherever they do business, across the globe. Citrin Cooperman has deep experience in a variety of industries, including entertainment, financial services, franchising, government contracting, non-profit, health care, private equity, real estate, and technology. Citrin Cooperman is an independent firm associated with Moore Stephens International Limited. www.citrincooperman.com
TIme: Doors open 7:30 AM, Meeting 8 to 9 AM - Continental Breakfast provide