EY - New revenue recognition standard: final amendments

EY Accounting Technical webcast

The new revenue recognition standard: final amendments

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In 2016, the Financial Accounting Standards Board (FASB) issued final amendments to the new revenue recognition standard. Our webcast will provide a refresher on the standard and highlight the key provisions of the amendments.

Our panel of EY subject-matter professionals will also discuss the latest implementation considerations.

In this webcast, we will discuss:

  • Reminders of the new revenue recognition model requirements
  • Highlights of the final amendments to the standard
  • Latest implementation considerations related to adopting the standard

This webcast is intended for companies preparing financial statements in accordance with US GAAP. If you are interested in how the new revenue recognition standard affects IFRS preparers, please register for Clarifications to IFRS 15.

Panelists

EY - Alison T. Spivey

Alison T. Spivey

EY

Alison Spivey is a Partner in the Ernst & Young LLP Professional Practice Group. She consults with EY member firm engagement teams on technical accounting and reporting matters, monitor activities of standard-setting bodies, draft firm materials related to new and existing accounting pronouncements and lead professional education courses. Alison is also a member of the IASB/FASB Joint Transition Resource Group for Revenue Recognition.

Prior to joining EY, Alison spent more than four years in the Office of the Chief Accountant of the U.S. Securities and Exchange Commission as an associate chief accountant.

EY - Russell Hodge

Russell Hodge

General Electric Company

Russell Hodge is a Global Technical Controller at General Electric Company. In this role, Russell monitors and actively participates in standard-setting projects including joint projects of the IASB and FASB.  He is currently a member of the FASB Transition Resource Group for the new Revenue standard, and has recently completed terms serving as a member of the SEC Regulations Committee and the Global Preparers Forum, a formal advisory body to the IASB. 

Prior to joining GE in 2007, Russell was a Partner in the National Professional Practice of EY. In this position, Russell was responsible for consulting with engagement teams on technical accounting and reporting matters, monitoring activities of standard-setting bodies and leading professional education courses. 

Russell is a graduate of Auburn University and is a Certified Public Accountant in the state of Alabama.

EY - Christopher Bolash

Christopher Bolash

Ernst & Young LLP

Chris Bolash is a partner in the Ernst & Young LLP Financial Accounting Advisory Services (FAAS) practice. The FAAS practice assists finance leaders in addressing the strategic accounting and financial reporting challenges facing their businesses and the finance function. Chris is one of the leaders of the FAAS practice’s team that supports clients implementing the new revenue standard.

Previously, Chris was a partner in the New York-based Ernst & Young LLP National Professional Practice – Accounting Standards group. In this role, Chris was responsible for monitoring standard setting activities and assisting clients and engagement teams in understanding and implementing today’s complex accounting requirements under both US GAAP and IFRS.

Prior to joining the Professional Practice Group, Chris was a Practice Fellow with the Financial Accounting Standards Board for two years. As a Practice Fellow, Chris was involved with various technical application and implementation projects, as well as some of the Board’s major projects.

Moderator

EY - Paul Beswick

Paul Beswick

EY

Paul Beswick is a partner in the Ernst & Young LLP Professional Practice Group, based in Washington D.C. In this role, Paul focuses on interactions and messaging with standards setters and related entities, including the FASB, FEI and IMA, as well as firm communications about standards setting activities. Paul currently represents the firm on the FASB Emerging Issues Task Force.

Prior to joining EY, Paul served as the SEC Chief Accountant and was responsible for advising the Commission and Commission staff on accounting and auditing matters, resolving complex accounting and auditing practice issues, overseeing the FASB and IASB, and evaluating the accounting and auditing implications of numerous Commission initiatives.

Paul is a Certified Public Accountant in Pennsylvania and the District of Columbia, and is a member of the American Institute of Certified Public Accountants.