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Press Release

Thursday, August 18, 2016

Armanino Partners Present “The Costs of Ignoring the New Revenue Recognition Standards” at Revenue Recognition Summit

Armanino Provides Thought Leadership on ASC 606 Regulatory Compliance

SAN RAMON, CA (August 18, 2016) Armanino LLP, the largest independent accounting and business consulting firm based in California, today announced that partners Ricardo Martinez and John Dunican will present a talk entitled “The Costs of Ignoring the New Revenue Recognition Standards” at the Revenue Recognition Summit, August 18 at 1:45pm, in Burlingame, California.

“The new revenue recognition standards impact so much more than just the finance and accounting team,” said John Dunican, partner and leader of Financial Advisory Services for Armanino. “Now is the time to evaluate your team, processes and technology to prepare for compliance and avoid sleepless nights in the future.”  

Armanino’s Revenue Recognition Gap Assessment Services address the disparity between where companies stand today on revenue recognition compared to where they need to be in order to be compliant with ASC 606 and IFRS 15.

In this presentation, Armanino audit and consulting experts will detail the consequences of delaying preparation and will outline a straightforward way to ensure that the Board, executive and management team members understand the forthcoming impacts to the way companies do business. Participants will:

  • Examine a prototype revenue recognition gap assessment between current and future states
  • Identify an organization’s holistic risks as they relate to the new regulations, from the departmental level such as legal, sales, internal controls and finance to the valuation of the entire company
  • Evaluate the preparedness of internal team members to handle the requirements and impacts of the new regulations
  • Gain tips for working with an auditor to ensure independence in a gap assessment and streamline audits moving forward with the new standards.

Interested parties who are unable to attend the Revenue Recognition Summit can register for Armanino’s webinar on the topic to be held on September 27, 2016, from 10-11 a.m.

John Dunican is a Partner and Head of Financial Advisory Services for Armanino, with more than 30 years of financial, operations and consulting experience with public and private companies.

Ricardo Martinez, CPA, Partner, Armanino, graduated from Santa Clara University in 1998 and joined Armanino as a Senior Audit Manager. He is a CPA and member of the American Institute of Certified Public Accountants.

To learn more about Armanino’s Revenue Recognition Gap Assessment Services, visit us here.

About Armanino's Consulting Practice
Armanino is a Microsoft Inner Circle and Gold Certified Microsoft Dynamics ERP/CRM partner and among the top 1% of partners in the world, as well as the Intacct VAR Partner of the Year for the last five years. The firm's Consulting practice brings leading technology solutions to the strategic challenges faced by CFOs. Armanino provides implementation, training, upgrade, integration and customization services to a variety of high-growth and enterprise clients across the nation for both cloud and on-premise software solutions. The deep bench of services provided by Armanino's business leaders who have served as CFOs, controllers, technology leaders and FP&A directors helps finance teams to minimize time spent on low-value accounting processes and increase time spent on strategic decision-making.

About ArmaninoLLP
Armanino LLP (www.armaninollp.com) is the largest independent accounting and business consulting firms based in California and one of the largest firms in the United States. Armanino provides an integrated set of audit, tax, consulting and technology solutions to companies in the U.S. and globally. The firm helps clients adapt and change in every stage of business from start-up through rapid growth to the sale of a company. Armanino emphasizes smart technology; leading a cloud revolution of financial, operational, sales and compliance tools that are transforming the way companies do business. Armanino extends its global services to more than 100 countries through its membership in Moore Stephens International Limited – one of the world's major accounting and consulting membership organizations. In addition to its core consulting and accounting practices, Armanino operates its division—AMF Media Group (www.amfmediagroup.com), a media and communications services agency. Its affiliate, Intersect Capital (www.intersectcapitalllc.com) is an independent financial planning, wealth and lifestyle management firm.