Ready or Not: Your AE Firm & Revenue Recognition Changes
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It’s taken a long time and a lot of refinement, but the new standard to recognize revenue is lurking around the corner and becomes effective for private companies with reporting periods beginning after December 15, 2018. So, the question is…are you ready?

11/14/2019
When: Thursday, November 14, 2019
2:00 - 3:00 pm Eastern
Where: Webinar
Ohio
United States
Contact: Stephanie Kirschner
5132685300


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The standard change (ASC 606) deadline for non-public companies is looming and now is the time to get serious about your implementation.

Join us for this overview of the new recognition standard that will have an impact on many current accounting policies, and financial reporting processes and systems of many Architecture and Engineering firms. During this webinar, attendees will explore the five-step model to revenue recognition and some key considerations and practical approaches to determine if and how your accounting department may need to adjust.

Learning Objectives:

  •  Overview of the new standard
  • Understand how to apply the five elements
  • Discuss key considerations for transition and next steps
  • Awareness of potential challenges

Speaker Bio: Nikki N. Hoffman, CPA - Principal , Stambaugh Ness. With full oversight of our ERISA engagements, Nikki ensures that clients are compliant with Department of Labor requirements. She has deep working knowledge of plans ranging from 100 to over 10,000 participants and plan assets up to $500 million including 401(k) 403(b), defined benefit, ESOP, health and welfare plans, as well as Form 5500’s.  Under her leadership, her firm passed a DOL review of its audit workpapers reflecting a commitment to providing quality service.

Almost choosing a career in engineering, Nikki now has the best of both worlds working closely with architecture and engineering clients to drive results. Her grasp of the complexities and nuances of the AE industry are an asset to clients. Additionally, Nikki is highly-skilled in Federal Acquisition Regulation Overhead audits (FAR) and leads our larger financial statement audits for engineering clients.

Education:  Nikki earned her BS degree in Accounting from Indiana University of Pennsylvania

Professional and Community Highlights

  • AICPA Employee Benefit Audit Quality Center, Firm Liaison
  • Forty Under 40 Winner, Central PA Business Journal
  • Central Pennsylvania’s Top 25 Women of Influence Winner
  • International WAGR Syndrome Association, Treasurer
  • Main Street Hanover, Volunteer
  • Make-A-Wish Foundation, Volunteer

Nikki Recommends This Advice:

Accept that you cannot control everything and concentrate on what you can. By doing so, the things you can’t control may not be as bad as you think.

 

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