Content Provider
Free cpe webinars
ASC 606: Implementation Q&A Part 11


Cost Free
Presentation Length 1.0 hour

Recorded DateMarch 16, 2021
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaAccounting
Course LevelBasic
Course Description

Please join us along with Tony Sondhi as he presents the eleventh webcast of this webinar series from Silicon Valley Accountants on the issues addressed by the FASB Transition Resource Group (TRG) for the implementation of ASC 606 – the recent revenue standard.

Tony will discuss selected issues raised by stakeholders that the TRG and FASB staff discussed. These webcasts will advance our exploration of concerns in step three of the revenue model in order to determine the transaction price. The presenters will also discuss measurement and variable consideration issues (questions 25 through 43).

Tony Sondhi is an author, consultant, investment advisor, former EITF member, and one of the preeminent experts in revenue recognition, lessee, and lessor accounting for lease, securitizations, statement of cash flows, reporting and analysis; and financial reporting risks.

Learning Objectives:

  • Identify the importance of revenue reporting

  • Recall examples of the financial reporting risks of revenue transactions

  • List key takeaways from public and non-public company reporting perspectives

  • Identify potential implications for your firm

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Gabe Zubizarreta

Silicon Valley Accountants
CEO, Financial Effectiveness & Transformation Leader
(408) 605-0735


Gabe founded Silicon Valley Accountants in 2008.  Gabe has been a Senior Audit Manager at PricewaterhouseCoopers, an Assistant Controller at a public company, and a Director of Finance at a private Silicon Valley start-up. His time at PwC includes over ten years in their Audit and Advisory services managing SEC registrant audits, advising on M&A transactions, and helping clients achieve Sarbanes-Oxley compliance.

At Silicon Valley Accountants, Gabe primarily focuses on financial effectiveness; however, he also advises clients on financial reporting matters, assisting with mergers and integrations, as well as Sarbanes-Oxley compliance processes.

Gabe is a recognized expert in financial effectiveness and financial close optimization. He has spoken at The American Institute of Certified Public Accountants (AICPA), Financial Executives International (FEI), Institute of Management Accountants (IMA), Ohio State Society of CPAs (OSCPA), and many other professional organizations.

Gabe teaches professional education courses on Mastering Audit Management, FASB updates, Revenue Recognition, Business Combinations, Software Revenue Recognition, COSO 2013 Framework, Leveraging Change to Create Process Improvement Opportunities, and Optimizing the Accounting Close and Financial Reporting.

Acsondhi logo

Ashwinpaul (Tony) C. Sondhi, President, A. C. Sondhi & Associates, LLC, is the Spring 2012 Henry Kaufman Visiting Professor of Financial History at Yeshiva University in New York. He is currently a member of the Emerging Issues Task Force (EITF) of the Financial Accounting Standards Board (FASB), its Agenda Committee, its 2009 Working Group on EITF 09-3 (SOP 97-2), its 2009 Disclosure Working Group on EITF 08-1, and its 2008 Working Group on EITF 08-1. He is also a member of the Investor Advisory Group of the Public Company Accounting Oversight Board (PCAOB), the Corporate Disclosure Policy Council of the CFA Institute.  He has served as a member of the 2008 Expert Advisory Panel on Fair Value of the International Accounting Standards Board (IASB). He has been a member of the Global Financial Reporting Advocacy Committee of the CFA Institute; the Accounting Standards Executive Committee (AcSEC) of the AICPA and the Planning Subcommittee of the AcSEC; the Financial Accounting Policy Committee of the CFA Institute; the FASB Task Force on Accounting for Impairments of Long-lived Assets; and the Statement of Cash Flows Steering Committee of the International Accounting Standards Committee. Mr. Sondhi was also an advisor to the FASB on its project comparing U.S. and International Financial Reporting Standards.

About Our Presenter

Silicon Valley Accountants is an accounting and consulting firm dedicated to helping companies improve their accounting and financial reporting processes, increase efficiency, and lower compliance costs.