The FASB and IASB issued their converged standard on revenue recognition in May 2014. The standard provides a comprehensive, industry-neutral revenue recognition model intended to increase financial statement comparability across companies and industries and significantly reduce the complexity inherent in today's revenue recognition guidance.
Our global accounting and financial reporting guide describes the accounting for revenue from contracts with customers under the converged U.S GAAP and IFRS revenue standard (ASC 606) issued in May 2014. It has been prepared to support entities as they identify the implications of the new revenue recognition standard, evaluate its impact (on business strategies, processes, systems, controls, financial statement recognition and required disclosures) and prepare for implementation. Read more
This edition provides an update on considerations for identifying asset groups when assessing long-lived assets for impairment.
The FASB and IASB have released their converged revenue recognition standard, Revenue from contracts with customers (ASC 606). PwC provides details on the new revenue accounting standard and the business implications for companies and industries on all revenue transactions as they prepare for implementation of the new standard.
This quarterly publication is designed to keep directors informed about the latest accounting and financial reporting issues.
A summary of the proposed amendments to the new revenue standard.
Entertainment and media companies are facing many different challenges as they determine how to implement the new revenue standard. In this webcast replay, we share our insights on the latest developments related to the standard and potentially impacting your implementation efforts.
In this recorded webcast, our panel discusses specific impacts the new revenue recognition standard will have on the communications sector, including inherent challenges in implementing the standard in the current environment, practical considerations as communication companies move toward implementation, and more.
Preparing for the new revenue standard won't happen overnight; learn how to chart your course for implementation.
PwC supports the FASB and IASB’s efforts to respond to concerns raised by constituents about the revenue standard.
TRG discusses optional purchases, licenses, and other topics.
PwC and Financial Executives Research Foundation (FERF) released the results of a joint survey on revenue recognition implementation, capturing executives’ perspectives on considerations for companies implementing the new standard.