By Jani Medeiros
(photo by Chips Chipalkatti)
Last Fall, 19 members of the Seattle University Accounting Community gathered to be treated to a stimulating conversation around ASC 606, the new revenue recognition standard, and ASC 842, the new lease accounting standard. Microsoft professionals Julia Fairchild (Group Finance Manager, Corporate Accounting Team), Thy Le (Finance Manager, Corporate Accounting Team), and Lee Mills (Group Finance Manager, Corporate Accounting Team – pictured above) presented Microsoft’s experiences as early adopters of the new standards.
The attendees hailed from eleven different firms and institutions: Bader Martin, Bellevue College, BGIS, ExtraHop, EY, Microsoft, Moss Adams, Nordstrom, Seattle Central College, Seattle University, and Textio. Before, during, and after the presentation, guests were treated to appetizers and festive beverages. Attendees earned one hour of CPE credit. The event was sponsored by the Albers School of Business and Economics Department of Accounting. If you are interested in attending future events, please email Jani Medeiros at email@example.com to ensure that you are on the emailing list.
Dear Albers Accounting Alumni, Board Members, Accounting Mentors and Friends of the Accounting Program!
You are cordially invited to a presentation by Microsoft Group Finance Managers Julia Fairchild and Lee Mills, along with Finance Manager Thy Le, on the new revenue recognition (ASC 606) and the new lease (ASC 842) standards. Microsoft was an early adopter of both these standards. Listen to their experiences with ASC 606 and ASC 842 and the challenges they faced. We will have a brief question and answer session followed by a networking session after the talk.
Friday, September 14, 5:00 p.m. to 7:00 p.m., in Pigott 100
Appetizers, Wine, and Beer will be served.
Only $30 to attend - all proceeds will go to the Albers Accounting Associates Scholarship Fund.
Continuing Professional Education Credit available.
Please RSVP to Jani Medeiros at firstname.lastname@example.org by August 31, 2018.
Julia Fairchild, Group Finance Manager, Microsoft Corporate Accounting Team
Julia is a Group Finance Manager in the Revenue Assurance team within Corporate Accounting responsible for developing and leading a team focused on defining policy, implementing accounting guidance, consulting on revenue recognition controls and policies, and analyzing and reporting consolidated financial results to ensure that revenue associated with all products and services is reported in accordance with US GAAP.
She was a key contributor to Microsoft’s evaluation and implementation of the New Revenue Standard focused on the assessment of complex accounting interpretations, leading the assessment and implementation of external disclosure requirements and providing training to key stakeholders on the impact of adopting the Standard. Prior to joining Microsoft, she worked at Deloitte & Touche from 1999 to 2013 in Seattle, Washington, and Barcelona, Spain, where she served Fortune 500 companies in the technology, manufacturing and retail industries, including Microsoft, The Boeing Company, Starbucks, Blue Nile, General Motors, Bic, and Coty-Lancaster. Julia is a graduate of the Universitat de Girona, Spain, where she received a bachelor’s degree in Business Administration and Accounting.
Thy Le, Finance Manager, Microsoft Corporate Accounting Team
Thy is a member of Microsoft's lease accounting team and is primarily responsible for technical accounting issues, SOX compliance, policy implementation, as well as financial reporting. Prior to joining Microsoft, she started her career in EY's audit practice. During her six-year tenure, she served a variety of clients in the technology and financial services industries. She has extensive SEC, GAAP, and statutory experience serving companies of varying sizes ranging from public multinational corporations, mid-market regional entities to start-ups. Thy is a graduate of Tufts University, a certified public accountant, and a member of the AICPA.
Lee Mills, Group Finance Manager, Microsoft Corporate Accounting Team
Lee is the senior member of Microsoft's lease accounting team, having also been a part of the original ASC842 transition/adoption team within Microsoft. Currently his scope is managing the EMEA-based office leases, and helping to drive key initiatives within the Corporate and Lease Accounting teams. He is passionate about using his technical skills and experience to develop creative solutions, and doing everything he can for team and business partner success. Prior to joining the lease accounting team, Lee held a number of finance and accounting roles within Microsoft -- supporting Treasury, Office, Cloud & Enterprise, Office365, and Real Estate & Facilities. Before Microsoft, he spent 10 years working at BankAmerica in the Retail Banking and Finance divisions. Lee obtained his BA in Business Administration from the University of Washington, and has earned the Certified Managerial Accountant designation. However, he also has ties to Seattle University, given that his father, the late Dr. Everald Mills, was a member of the Computer Science faculty for many years.