Revenue Recognition Implications for Life Sciences & Tech

Presented on:
May 23, 2018 10:00 AM PT
1 hour

Every technology and life science company will potentially be affected by the new revenue recognition requirements of the Financial Accounting Standards Board’s Accounting Standards Codification® Topic 606.

The standard takes effect for private companies for annual reporting periods beginning after December 15, 2018. It introduces concepts that don’t exist under the current revenue model and can significantly affect an organization’s operations by requiring them to disclose information that isn’t being currently captured.

Please join us to learn how the new standard will potentially impact your company and additional lessons learned from public companies who’ve filed since the new standard was implemented.



Rich Croghan, Partner, Moss Adams

Rich has been in public accounting since 1991. He primarily serves small and midsize life science, technology, and health care organizations, including pharmaceutical companies, research companies, medical device companies, digital health companies, hospitals, managed care organizations, physician groups, and ancillary service organizations. He provides tax and consulting services related to tax return preparation, research and development tax credits, international tax planning, state and local tax planning, tax accounting methods, and mergers, acquisitions, and reorganizations.

Trevor Gillespie, Assurance Partner, Moss Adams

Trevor has been practicing public accounting since 2001, primarily performing audits and reviews of dynamic start-up companies in the software and software-as-a-service sector as well as middle-market distributors and manufacturers. He also audits defined contribution benefit plans. Trevor provides a wide range of accounting assistance to clients, including revenue recognition, accounting issues resulting from mergers and acquisitions, and stock-based compensation. In addition to being a significant accounting and audit quality control resource in our Silicon Valley office, Trevor has authored many accounting update and insight articles.

Dee Mirando-Gould, Managing Director, Moss Adams

Dee has been providing technical accounting consulting and auditing services since 1991. She assists clients in addressing complex accounting and reporting issues, such as revenue recognition, stock-based compensation, derivatives, business combinations, consolidation and variable interest entities, and lease accounting. She also possesses extensive experience with public company reporting, including initial and secondary equity and debt offerings, annual and quarterly reporting, and internal controls. Prior to joining Moss Adams, Dee worked for mid-level and Big Four consulting and accounting firms, as well as the Public Company Accounting Oversight Board (PCAOB).

Francisco Sarmiento, Director, Moss Adams

Francisco has been in public accounting since 2002. He specializes in Sarbanes-Oxley (SOX 404) compliance, enterprise risk management, internal audit, and forensic accounting for domestic and multinational companies in various industries. He assists clients implement their risk-mitigation strategies through process enhancements and efficiency reviews, internal audits, and management of the client’s SOX 404 compliance program.

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