CPE Webinar

Revenue Recognition for Tech Companies

December 14, 2017

Key Topics

All industries will be impacted in some way by ASC 606. However, some industries will be impacted more significantly than others. Technology and life science industries are expected to be one of the most impacted. We will discuss ASC 606’s impact on healthcare, pharmaceuticals, biotechnology, software, and software as a service (SaaS). Along the way, we will touch on the collectability threshold, licensing of intellectual property, distinguishing between functional IP and symbolic IP and what that means for revenue recognition, the elimination of vendor-specific-objective-evidence (VSOE), and the introduction of variable consideration.

Learning Objectives

Participants will be able to describe the significant changes impacting the following industries:

  • Healthcare
  • Pharmaceuticals
  • Biotechnology
  • Software
  • Software as a Service (SaaS)


  • Michael Hoose, Senior Manager, Audit Professional Practices | Cherry Bekaert LLP

Who Should Attend

This program is designed for individuals involved in financial reporting, as well as those with governance roles.

CPE Accreditation

Prerequisites | Prior experience with Topic 606
Advanced Preparation
| None
Recommended Hours of CPE
| 1 Hour*
Delivery Method
| Webinar
Program Level
| Intermediate
CPE Category
| Accounting

CPE Sponsors Logo*Cherry Bekaert is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website. | www.learningmarket.org

Cherry Bekaert Continuing Professional Education: Statement of Administrative Policies

Complaint Resolution Policy

Cherry Bekaert will make every effort to provide the best training courses possible. In the event participants are not completely satisfied with the training course and wish to file a complaint, please contact Karen McManus at kmcmanus@cbh.com or 804.673.5748 within 10 business days of the event. Information about the course such as date, location, instructor and nature of complaint must be provided. Complaints may also be made in writing to Cherry Bekaert LLP, 200 South 10th Street, Suite 900, Richmond, VA 23219, ATTN: Karen McManus

Record Retention Policy

Cherry Bekaert will retain all Continuing Professional Education (CPE) documents for five years from training course date. These records will include:

  • Course outline
  • Course content and handouts
  • Sign in sheets
  • Dates and locations of training courses
  • Instructor credentials
  • Course evaluations
  • CPE certificates stating amount of recommended CPE credit

Refund and Cancellation Policy

Cherry Bekaert reserves the right to cancel or reschedule any training courses up to 10 business days prior to the date of the event. Full refunds will be provided to registered course participants if the course is canceled or if participants are unable to attend the rescheduled event.

Participants who must cancel their course registration 10 or more business days in advance of the event must contact Karen McManus to receive a full refund of all fees paid. Participants who must cancel their registration within 10 business days of the event, will not receive a refund.