A joint proposal by the FASB and the IASB may change the timing and amount of revenue recognition for technology companies. The proposal is described in a discussion paper (DP) titled Preliminary Views on Revenue Recognition in Contracts with Customers.
This publication is designed to help executives understand the potential impacts of the proposal to their businesses, identify challenges and opportunities, and encourage active participation in the standard setting process by responding to the boards' proposal. It does not represent a summary of PwC's formal responses or comments to the proposal. PwC is currently formulating its global response and is planning to submit a comment letter on the proposal.