Revenue Recognition for Risk Bearing Contracts and Navigating Accounting Implications for Debt

Kristin is a Managing Director in Crowe's Accounting Advisory practice and has over 20 years of public accounting, industry and standard setting experience. She specializes in the accounting for complex technical accounting topics including revenue recognition, consolidation, accounting for financial instruments, and also advises on a variety of issues in the mergers and acquisitions space. During her career, Kristin has provided accounting advisory services to public and private companies with transactions involving businesses with sales ranging from $10 million to billions in annual revenues in a variety of industries.

Kristin has worked at the International Accounting Standards Board (IASB) and Governmental Accounting Standards Board (GASB), giving her a unique perspective on accounting developments and their impact on companies. Kristin spent 12 years in PwC's Transaction Services group both in London and New York, and spent several years in industry, serving as the Chief Accountant of a pharmaceutical company, and as the Global Growth Markets Revenue Controller and M&A Revenue Controller at a publicly traded technology company. In her Controllership role in the technology industry, Kristin helped implement ASC 606 Revenue Recognition, analyzed all of the company's largest revenue generating contracts, drafted new policies and footnote disclosures, and helped structure new customer contracts. In addition, Kristin launched a revenue diligence function within the Controllership and Corporate Development and was responsible for revenue reporting post close.

Devon is a Senior Manager in Crowe's Accounting Advisory practice. He spent the first 8 years of his career within Crowe's commercial audit practice and has been a part of Crowe's Accounting Advisory practice for over one year. He currently manages accounting advisory services to clients focused on technical accounting and financial reporting.

In his nine years at Crowe, Devon has serviced both public and privately held companies. His time in Crowe's Commercial audit practice allowed him to understand the unique financial intricacies of his clients' businesses and provide tailored audit solutions. Further, he has been instrumental in guiding clients through accounting and financial reporting implications of various corporate events and transactions. Since transitioning to Crowe's Accounting Advisory practice, Devon currently services clients with financial reporting and technical accounting needs. His areas of technical expertise include debt and equity instruments, debt modifications, derivatives, revenue recognition, leasing, capitalized software, and goodwill and long-lived asset impairment.