ASC 606 is all about revenue recognition, a process which is historically inconsistent across companies and industries. The guidelines are about the results of your end-to-end processes starting with contracts, through pricing, quotes, orders, and ending with revenue recognition. The full name of the rule is ASC 606: Revenue from Contracts with Customers.

While the effective dates for the new guidance were staggered and delayed, they are now upon us. Many public entities have already implemented ASC 606, and nonpublic entities are required to implement ASC 606 in their first annual reporting period beginning after December 15, 2018.

Please join Carl Kumpf, NeoSystems Consultant, CPA, and Principal at Integral Financial Group for this 1-hour webinar designed to teach you how to optimize revenue recognition. Mr. Kumpf has been at the forefront of helping companies meet the requirements of ASC 606 since the FASB first issued the standard in 2014. He brings decades of knowledge by servicing a diverse client base throughout the DC Metro Area and beyond, helping them conquer complex challenges in finance, accounting and compliance.

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NeoSystems delivers strategic back office services to over 500 government contractors, from small companies through federal divisions of large corporations. We provide industry experts for implementations and upgrades, day-to-day accounting, hosting, financial planning, and reporting. At NeoSystems, our clients leverage best-in-class software including Deltek Costpoint and GCS Premier. With Neo, our clients benefit from our secure, private, redundant cloud that is SSAE-16 SOC 1 & SOC 2, PCI-DSS, MA 201, HIPAA, and ITAR compliant. - See more at
About Our Experts
  • Carl Kumpf
    CPA, NeoSystems Consultant, Co-founder of Integral Financial Group
    Carl Kumpf is Integral Financial Group’s co-founder. Mr. Kumpf is a seasoned financial executive with specific industry
    experience in high tech, telecommunications, financial services and media. With more than 20 years of professional experience
    in public accounting and industry, his areas of expertise includes internal and external audit, accounting operations and
    financial reporting, including SEC compliance, budgeting, internal controls, mergers and acquisitions and liquidations.
    As a principal of Integral Financial Group, Mr. Kumpf led a 45 member team cross-disciplinary team of consultants and
    employees in the security cost basis subledger successful restatement effort of Fannie Mae. Areas of restatement included
    FIN46, FAS115, 99-20 Impairments, Amortization and Resecuritization. Mr. Kumpf also oversaw the successful first year
    Sarbanes Oxley implementation of a large local government contractor and has served as interim CFO/Controller for several
    local private high tech companies.

    Mr. Kumpf was most recently the Chief Accounting Officer at InPhonic, Inc. He had full responsibility of corporate
    accounting, technical accounting, general ledger accounting, operational accounting, accounts payable, inventory, payroll,
    billing operations, SEC reporting and Sarbanes Oxley implementation functions of a recently public $300 million e-Commerce
    Mr. Kumpf holds a B.B.A in Accounting from the College of William and Mary. He is a CPA in the State of Virginia.