Applying ASC 606 for High Volume Companies: Application & Automation in Practice

Led by Cody Leach, CPA and Director of Product Experience at HubiFi, this session will dive into the real-world challenges of ASC 606 implementation when traditional methods fail under pressure.

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We'll compare manual workarounds with modern automation approaches using examples from SaaS, app marketplaces, and subscription platforms. You'll see how scalable automation can transform fragmented revenue data from sources like Stripe, Apple, Recurly, and PayPal into GAAP-compliant, auditable workflows - all without manual work.

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After this course, you will be able to:

Discuss the 5 steps of revenue recognition.
Apply ASC 606 principles to non-standard billing arrangements to ensure accurate revenue recognition under ASC 606.
Define the 3 reasons why ASC 606 compliance for companies breaks down when they have massive volume, system fragmentation, or complexity (principle vs. agent, FX, refunds, etc).

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In order to be awarded the full credit hours, you must be present and participate in at least three poll questions, and remain on the line for the duration of the webinar.

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Participants will earn 1.0 CPE credits.

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Field of Study: Accounting

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Prerequisites: Attendees should have 3-5 years prior industry experience and knowledge of revenue recognition under ASC 606.
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Advanced Preparation: None
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Program Level: Intermediate. Attendees should have 3-5 years prior industry experience and thorough knowledge of revenue recognition under ASC 606.

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Who should attend: Revenue accountants, Controllers, Heads of Finance

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Refunds and Cancellations: This program has no fee. For more information regarding administrative policies, such as complaints, refunds, and cancellations, please contact Christine Butchko at Christine@HubiFi.com.

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Official Registry Statement:

HubiFi 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.nasbaregistry.org.

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What you can expect from the webinar:

Discuss the 5 steps of revenue recognition

Apply ASC 606 principles to non-standard billing arrangements to ensure accurate revenue recognition under ASC 606.

Define the 3 reasons why ASC 606 compliance for companies breaks down when they have massive volume, system fragmentation, or complexity (principle vs. agent, FX, refunds, etc).

Speakers:

Cody Leach, CPA

Head of Product Experience

Speakers

An accomplished two-time entrepreneur, polyglot in finance, data & tech with 15 years of expertise. Builder, practitioner, leader—pioneering multiple ERP implementations and data solutions.

Catalyst behind a 6% gross margin improvement with a sub-90-day IPO at Root insurance, powered by his vision & platform. Having held virtually every role from accountant to finance systems to finance exec, he brings a rare and noteworthy perspective in rethinking the finance tooling landscape.

Jonathan Ashton is a seasoned finance and accounting professional, currently serving as Revenue Accounting Manager at Healthie, an all-in-one practice management platform and EHR provider. In this role, he oversees the full revenue recognition lifecycle—configuring subledger policies, ensuring ASC 606 compliance, and automating the reconciliation of high-volume Stripe transactions into the general ledger.

Jon earned his bachelor’s degree in accounting from Drexel University.

Sarah Honeycutt has over 20 years of experience in accounting and finance. She is a seasoned professional who leds the accounting function at 6sense, a rapidly growing SaaS company.

As Vice President of Accounting, she oversaw the full cycle of accounting and financial reporting—ensuring compliance, accuracy, and timeliness—while also providing strategic guidance grounded in deep analytical expertise and industry knowledge.

Peggy Wang is the Head of Finance at Vitally, where she leads the finance organization in building comprehensive dashboards and reporting frameworks that bring real-time visibility to key metrics—including Annual Recurring Revenue (ARR), Gross & Net Revenue Retention, and Churn & Risk—empowering cross-functional teams to make data-driven decision.

Peggy holds a degree from the University of Texas at Austin’s Red McCombs School of Business, and has cultivated a deep expertise in financial forecasting, planning, and analytics.