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
During the webcast, specialists from PwC’s national office will be 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.
During the webcast, FASB Assistant Director, Cullen Walsh, and Raytheon Director of Financial Reporting, Kenny Bement, will join revenue specialists from our national office and accounting advisory practice to discuss the latest developments on implementation of the new revenue recognition standard.
Trying to find an update on FASB standard setting? Stop looking and start listening... Hear about the standards issued in Q1 2016 including leasing, revenue updates, EITF issues and more.
TRG discusses material rights, carried interest arrangements, and other topics.
The FASB amended the new revenue standard related to identifying performance obligations and accounting for licenses.
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 transportation and logistics entities as they transition to the new revenue standard.
IASB issued its amendments to the new revenue standard, which differ in some respects from those proposed by the FASB.
The Financial Accounting Standards Board and the International Accounting Standards Board issued a new revenue standard for Private Equity (“PE”) portfolio companies. Public companies are required to apply this to their 2018 financial statements.
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.