Well, after a few years of hard core rev rec consulting, I decided to get a “real” job again.  I’ve joined Silver Spring Networks as their Director of Revenue Recognition.  After meeting the people, learning about their business model, and hearing about their vision, I was at a loss to find any reason why I should not focus on one company again as a full time employee.  There is a very good article in The Economist that talks about the “smart grid”.  Silver Spring Networks supplies the hardware, software and services that makes such networks possible.  And of course, there exists all the rev rec issues that go along with networking applications.

One of the most significant reasons why I was able to take advantage of this opportunity is because of the work I’ve been fortunate enough to be involved in with my clients.  Together, we have fit evolving business models into the often “square hole” of revenue recognition literature.  I have immensely enjoyed the issues, but will most cherish the relationships I’ve developed.  Regardless of accounting rules, businesses are still run by the people that have to make those “significant judgments”.

I have a few weeks to wind down my involvement with RevRec.Net and to finalize certain client deliverables and complete other commitments.  One of my final duties as a consultant will be later this month in Minneapolis where I’m one of the speakers at CBI’s Revenue Recognition for MedTech Companies.  If you are interested in going, use Promo Code YSD389 when you register and you’ll get $300 off.  I’ll be doing a 45 minute session on how to deal with those often minor undelivered elements like training, installation, and training.

While the other consultants in the RevRec.Net group will continue on with their projects, I won’t be offering any more training.  I’ll be updating the website to remove the training content, and will keep the appropriate participant records on file as required by the standards for CPE programs, but don’t currently have the bandwidth to continue to offer these courses.  I thoroughly enjoyed my days spent trying to solve the real life problems participants brought to these sessions and that direct dialogue will be missed.

I will publish my new contact information on LinkedIn.  Look for the new “Revenue Recognition Network” group that I started for discussion of technical rev rec issues that we will continue to face as IFRS, EITF 09-3, and EITF 08-1 inevitably hit us.

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