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.
Have you started implementing the new revenue standard? The deadline will be here before you know it. Hear PwC professionals talk about implementation efforts, some of the key technical areas companies are assessing and best practices to be successful.
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
Need an update on standard setting activities for Q2? Look no further. Listen in to hear about the new revenue updates, financial instrument impairment, non-GAAP and more.
The IFRS15 accounting standard on revenue recognition brings profound implications for communications companies and operations.
PwC generally supports the FASB efforts to respond to concerns raised by constituents about the new revenue standard.
This quarterly publication is designed to keep directors informed about the latest accounting and financial reporting issues.
During this recorded webcast we share updates on key industry issues, including a discussion on disclosure and transition methods, the latest from the American Institute of CPAs (AICPA), EEI and AGA working groups, and more.
During this recorded webcast we share insights on the top challenges that industrial products and manufacturing companies are facing in adopting the new revenue standard.
In this webcast, specialists from PwC’s national office are joined by colleagues from the accounting advisory practice to discuss the accounting models for debt and preferred stock modifications and hot topics in these areas. Watch the replay or participate in the on demand (CPE-eligible) version of the webcast.
The FASB’s proposal makes technical corrections to the new revenue standard and provides additional disclosure relief.
In this webcast, FASB Assistant Director, Cullen Walsh, and Raytheon Director of Financial Reporting, Kenny Bement, join revenue specialists from our national office and accounting advisory practice to discuss the latest developments on implementation of the new revenue recognition standard. Watch the replay or participate in the on demand (CPE-eligible) version of the webcast.
The FASB and IASB have issued their long-awaited converged standard on revenue recognition. How will you be affected? This industry-specific supplement to our In depth publication highlights some of the areas that could create the most significant challenges for insurance entities as they transition to the new revenue standard.