Effective dates for new FASB guidance

The following images and detailed tables summarize the effective dates for the FASB's recently released guidance. Separate tables are provided for public and nonpublic companies.

Since the issuance of ASU 2013-12, Definition of a Public Business Entity—An Addition to the Master Glossary, the term public business entity (PBE) has been used to establish effective dates and to scale disclosure requirements for new ASUs. Therefore, all companies need to consider whether or not they meet the definition of a PBE when adopting new standards.

While the guidance generally refers to PBEs, and sometimes the effective date for PBEs excludes smaller reporting companies (as defined by the SEC), we have used the “short hand” of “public” and “nonpublic” to refer to the earlier and later effective date buckets.

Download the effective date tables here:

Public companiesNonpublic companies

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Guidance effective in 2020 for calendar year-end public companies

Guidance effective after 2020 for calendar year-end public companies

(a) Effective in 2020 for SEC filers other than SRCs; effective in 2023 for all other companies, including SRCs.

(b) Effective in 2022 for SEC filers other than SRCs; effective in 2024 for all other companies, including SRCs.

Guidance effective in 2020 for calendar year-end public companies

ASU No. Standard name Effective date Early adoptable PwC resources
ASU 2016-13 Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments

SEC filers, excluding SRCs: As amended by ASU 2019-10, fiscal years beginning after December 15, 2019

SRCs: As amended by ASU 2019-10, fiscal years beginning after December 15, 2022, including interim periods within those fiscal years

Yes Loans and investments guide
ASU 2018-19 Codification Improvements to Topic 326, Financial Instruments—Credit Losses
The same as the effective date for ASU 2016-13
Not applicable Loans and investments guide
ASU 2019-05 Financial Instruments—Credit Losses (Topic 326) Targeted Transition Relief

For entities that have not yet adopted ASU 2016-13, the same as ASU 2016-13

For entities that have adopted ASU 2016-13, fiscal years beginning after December 15, 2019, including interim periods within those fiscal years

Early adoption is permitted if ASU 2016-13 has already been adopted

Loans and investments guide


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ASU 2019-11

Codification Improvements to Topic 326, Financial Instruments—Credit Losses

For entities that have not yet adopted ASU 2016-13, the same as ASU 2016-13

For entities that have adopted ASU 2016-13, fiscal years beginning after December 15, 2019, including interim periods within those fiscal years

Early adoption is permitted if ASU 2016-13 has already been adopted Loans and investments guide
ASU 2017-04 Intangibles—Goodwill and Other (Topic 350)

SEC filers, excluding SRCs: As amended by ASU 2019-10, annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019

SRCs: As amended by ASU 2019-10, annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2022

Yes, for any goodwill impairment tests performed after January 1, 2017

Business combinations guide

In depth

ASU 2018-13 Fair Value Measurement (Topic 820) Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement Fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019 Yes Fair value guide
ASU 2018-14
Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20) Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans Fiscal years ending after December 15, 2020 Yes Pension guide
ASU 2018-15 Intangibles—Goodwill and Other— Internal-Use Software (Subtopic 350-40) Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract Fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019 Yes Property, plant, equipment and other assets guide
ASU 2018-17 Consolidation (Topic 810): Targeted Improvements to Related Party Guidance for Variable Interest Entities Fiscal years beginning after December 15, 2019, and interim periods within those fiscal years  Yes Consolidation guide
ASU 2018-18
Collaborative Arrangements (Topic 808): Clarifying the Interaction between Topic 808 and Topic 606
Fiscal years beginning after December 15, 2019, and interim periods within those fiscal years Yes, but no earlier than the adoption date of Topic 606 Revenue guide
ASU 2019-02 Entertainment—Films—Other Assets—Film Costs (Subtopic 926-20) and Entertainment—Broadcasters—Intangibles—Goodwill and Other (Subtopic 920-350) Fiscal years beginning after December 15, 2019, and interim periods within those fiscal years
Yes  
ASU 2019-03 Not-for-Profit Entities (Topic 958): Updating the Definition of Collections Fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020 Yes  
ASU 2019-04 Codification Improvements to Topic 326, Financial Instruments—Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments

Topics 1, 2 and 5 (Amendments to Topic 326):

  • For entities that have not yet adopted ASU 2016-13, the same as ASU 2016-13
  • For entities that have adopted ASU 2016-13, fiscal years and interim periods beginning after December 15, 2019

Topic 3 (Amendments to Topic 815):

  • For entities that have not yet adopted ASU 2017-12, the same as ASU 2017-12
  • For entities that have adopted ASU 2017-12, the beginning of the first annual period beginning after April 25, 2019.

Topic 4 (Amendments to Topic 825):

  • Fiscal years and interim periods beginning after December 15, 2019.

Topics 1, 2 and 5: Yes if ASU 2016-13 has been adopted

Topic 3: Yes if ASU 2017-12 has been adopted

Topic 4: Yes if ASU 2016-01 has been adopted

Loans and investments guide


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ASU 2019-08 Compensation—Stock Compensation (Topic 718) and Revenue from Contracts with Customers (Topic 606): Codification Improvements—Share-Based Consideration Payable to a Customer

For entities that have adopted ASU 2018-07, effective in fiscal years beginning after December 15, 2019, and interim periods within those fiscal years

For entities that have not yet adopted ASU 2018-07, fiscal years beginning after December 15, 2019, and interim periods within those fiscal years

Yes, but only after adoption of ASU 2018-07

Stock-based compensation guide

Revenue from contracts with customers, global edition guide

ASU 2019-10 Financial Instruments—Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842): Effective Dates

Credit losses & goodwill impairment:

SEC filers, excluding SRCs: fiscal years beginning after December 15, 2019, including interim periods within those fiscal years

SRCs: fiscal years beginning after December 15, 2022, including interim periods within those fiscal years

Not applicable

 

 

Leases guide

Loans and investments guide

Business combinations guide

In depth

ASU 2020-02 Financial Instruments—Credit Losses (Topic 326) and Leases (Topic 842) Upon issuance Not applicable

Loans and investments guide

Leases guide

ASU 2020-03 Codification Improvements to Financial Instruments

Issues 1,2,4 and 5

  • Upon issuance

Issue 3:

  • Fiscal years beginning after December 15, 2019, including interim periods within those fiscal years

Issues 6 and 7

  • For entities that have not yet adopted the amendments related to ASU 2016-13, the same as ASU 2016-13.
  • For entities that have adopted ASU 2016-13, fiscal years beginning after December 15, 2019, including interim periods within those fiscal years.
Not applicable Loans and investments guide
ASU 2020-04 Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting Upon issuance (March 12, 2020) through December 31, 2022. Not applicable

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Guidance effective after 2020 for calendar year-end public companies

ASU No. Standard name Effective date Early adoptable PwC resources
ASU 2018-12 Financial Services—Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts

SEC filers, excluding SRCs: As amended by ASU 2019-09, fiscal years, and interim periods within those fiscal years, beginning after December 15, 2021

SRCs: As amended by ASU 2019-09, fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024  

Yes

Insurance contracts guide

In depth

ASU 2019-09 Financial Services—Insurance (Topic 944): Effective Date

SEC filers, excluding SRCs: Fiscal years beginning after December 15, 2021, and interim periods within those fiscal years

SRCs: Fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024

Not applicable

 

Insurance contracts guide

In depth

ASU 2019-12 Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes
Fiscal years beginning after December 15, 2020, and interim periods within those fiscal years.
Yes In depth
ASU 2020-01 Investments—Equity Securities (Topic 321), Investments—Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815) Fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. Yes  

Guidance effective in 2019 for calendar year-end nonpublic companies

ASU No. Standard name Effective date Early adoptable PwC resources
ASU 2014-09 Revenue from Contracts with Customers (Topic 606) As amended by ASU 2015-14, annual reporting periods beginning after December 15, 2018, and interim periods beginning after December 15, 2019
Yes Revenue guide
ASU 2015-14 Revenue from Contracts with Customers—Deferral of the Effective Date
Annual reporting periods beginning after December 15, 2018, and interim periods beginning after December 15, 2019
Yes, concurrent with adoption of ASU 2014-09 Revenue guide
ASU 2016-08 Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) Concurrent with adoption of ASU 2014-09 Yes, concurrent with adoption of ASU 2014-09 Revenue guide
ASU 2016-10 Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing
Concurrent with adoption of ASU 2014-09
Yes, concurrent with adoption of ASU 2014-09 Revenue guide
ASU 2016-12 Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients
Concurrent with adoption of ASU 2014-09
Yes, concurrent with adoption of ASU 2014-09 Revenue guide
ASU 2017-05 Other Income—Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets Concurrent with adoption of ASU 2014-09
Yes, concurrent with adoption of ASU 2014-09  
ASU 2016-01 Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities Fiscal years beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15, 2019 Yes for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years Loans and investments guide
ASU 2018-03 Technical Corrections and Improvements to Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities The same as the effective date in ASU 2016-01
Yes - for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years, if ASU 2016-01 has been adopted  
ASU 2016-04 Liabilities—Extinguishments of Liabilities (Subtopic 405-20): Recognition of Breakage for Certain Prepaid Stored-Value Products (a consensus of the FASB Emerging Issues Task Force) Fiscal years beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15, 2019
Yes Revenue guide
ASU 2016-15 Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments Fiscal years beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15, 2019
Yes provided all amendments are adopted concurrently Financial statement presentation guide
ASU 2016-18 Statement of Cash Flows (Topic 230): Restricted Cash (a consensus of the FASB Emerging Issues Task Force) Fiscal years beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15, 2019
Yes Financial statement presentation guide
ASU 2016-16 Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory Annual reporting periods beginning after December 15, 2018, and interim reporting periods within annual periods beginning after December 15, 2019 Yes, but only as of the beginning of an annual reporting period Income taxes guide
ASU 2017-01 Business Combinations (Topic 805): Clarifying the Definition of a Business Annual periods beginning after December 15, 2018, and interim periods within annual periods beginning after December 15, 2019 Yes for certain transactions
Business combinations guide
ASU 2017-06 Plan Accounting: Defined Benefit Pension Plans (Topic 960), Defined Contribution Pension Plans (Topic 962), Health and Welfare Benefit Plans (Topic 965): Employee Benefit Plan Master Trust Reporting (a consensus of the Emerging Issues Task Force) Fiscal years beginning after December 15, 2018
Yes, but only as of the beginning of an annual reporting period  
ASU 2017-07 Compensation—Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost Annual periods beginning after December 15, 2018, and interim periods within annual periods beginning after December 15, 2019
Yes, but only as of the beginning of an annual reporting period Financial statement presentation guide
ASU 2017-10 Service Concession Arrangements (Topic 853): Determining the Customer of the Operation Services (a consensus of the FASB Emerging Issues Task Force)

Entities that have not adopted Topic 606: Concurrent with adoption of Topic 606

Entities that have adopted Topic 606: Fiscal years beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15, 2019

Yes Revenue guide
ASU 2017-15 Codification Improvements to Topic 995, U.S. Steamship Entities: Elimination of Topic 995 Fiscal years and first interim periods beginning after December 15, 2018 Yes  
ASU 2018-02 Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income Fiscal years beginning after December 15, 2018, and interim periods within those fiscal years Yes Financial statement presentation guide
ASU 2018-08 Not-for-Profit Entities (Topic 958): Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made

Apply the amendments for transactions in which an entity:

  • serves as a resource recipient, on contributions received to annual periods beginning after December 15, 2018, and interim periods within annual periods beginning after December 15, 2019
  • serves as a resource provider, on contributions made to annual periods beginning after December 15, 2019, and interim periods within annual periods beginning after December 15, 2020
Yes  
ASU 2019-06 Intangibles—Goodwill and Other (Topic 350), Business Combinations (Topic 805), and Not-for-Profit Entities (Topic 958): Extending the Private Company Accounting Alternatives on Goodwill and Certain Identifiable Intangible Assets to Not-for-Profit Entities Upon issuance
Not applicable Business combinations guide

Guidance effective after 2019 for calendar year-end nonpublic companies

ASU No. Standard Name Effective Date Early adoptable PwC Resources
ASU 2016-02 Leases (Topic 842) As amended by ASU 2019-10, fiscal years beginning after December 15, 2020, and interim periods within fiscal years beginning after December 15, 2021
Yes Leases guide
ASU 2018-01 Leases (Topic 842): Land Easement Practical Expedient for Transition to Topic 842

Upon issuance for entities that early adopted Topic 842

For entities that have not adopted Topic 842, the same as the effective date in Topic 842

Not applicable Leases guide
ASU 2018-10 Codification Improvements to Topic 842, Leases

Upon issuance for entities that early adopted Topic 842

For entities that have not adopted Topic 842, the same as the effective date in Topic 842

Not applicable

Leases guide
ASU 2018-11
Leases (Topic 842): Targeted Improvements

For entities that have not adopted Topic 842, the effective date for the new lessor practical expedient is the same as the effective date for Topic 842

Entities that have already adopted Topic 842 may apply the new lessor practical expedient (1) to the first reporting period following the issuance of the practical expedient or (2) at the original effective date of Topic 842

Not applicable Leases guide
ASU 2018-20 Leases (Topic 842): Narrow-Scope Improvements for Lessors

For entities that have not adopted Topic 842, the same as the effective date for Topic 842

Entities that have already adopted Topic 842 may apply the amendments (1) at the original effective date of Topic 842, (2) in the first reporting period ending after issuance or (3) in the first reporting period beginning after the issuance

Not applicable

Leases guide
ASU 2019-01
Leases (Topic 842): Codification Improvements

Issue 1 and Issue 2: Fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020

Issue 3: The effective date is the same as the effective date in ASU 2016-02

Not applicable Leases guide
ASU 2016-13 Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments As amended by ASU 2019-10, fiscal years beginning after December 15, 2022, including interim periods within those fiscal years
Yes Loans and investments guide
ASU 2018-19 Codification Improvements to Topic 326, Financial Instruments—Credit Losses The effective date is the same as the effective date in ASU 2016-13 Not applicable Loans and investments guide
ASU 2019-05 Financial Instruments—Credit Losses (Topic 326) Targeted Transition Relief

For entities that have not yet adopted ASU 2016-13, the same as ASU 2016-13

For entities that have adopted ASU 2016-13, for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years

Early adoption is permitted if ASU 2016-13 has already been adopted

Loans and investments guide

Podcast

ASU 2019-11 Codification Improvements to Topic 326, Financial Instruments—Credit Losses

For entities that have not yet adopted ASU 2016-13, the same as ASU 2016-13

For entities that have adopted ASU 2016-13, fiscal years beginning after December 15, 2019, including interim periods within those fiscal years

Early adoption is permitted if ASU 2016-13 has already been adopted Loans and investments guide
ASU 2017-04 Intangibles—Goodwill and Other (Topic 350) As amended by ASU 2019-10, annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2022 Yes, for any goodwill impairment tests performed after January 1, 2017 Business combinations guide
ASU 2017-08 Receivables—Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities Fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020 Yes  
ASU 2017-11 Earnings Per Share (Topic 260) Distinguishing Liabilities from Equity (Topic 480) Derivatives and Hedging (Topic 815): I. Accounting for Certain Financial Instruments with Down Round Features, II. Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests with a Scope Exception.

Part 1: Fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020

Part 2: No transition guidance required

Yes Financial statement presentation guide
ASU 2017-12 Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities As amended by ASU 2019-10, fiscal years beginning after December 15, 2020, and interim periods beginning after December 15, 2021 Yes

Derivatives and hedging guide

Podcast

ASU 2018-16 Derivatives and Hedging (Topic 815): Inclusion of the Secured Overnight Financing Rate (SOFR) Overnight Index Swap (OIS) Rate as a Benchmark Interest Rate for Hedge Accounting Purposes

For entities that have not already adopted ASU 2017-12, concurrent with ASU 2017-12

For entities that already have adopted ASU 2017-12, fiscal years beginning after December 15, 2019, and interim periods within those fiscal years

Yes for entities that have already adopted ASU 2017-12
Podcast
ASU 2018-07 Compensation—Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting Fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. Yes after adoption of ASU 2014-09 Stock-based compensation guide
ASU 2019-08 Compensation—Stock Compensation (Topic 718) and Revenue from Contracts with Customers (Topic 606): Codification Improvements—Share-Based Consideration Payable to a Customer

For entities that have adopted ASU 2018-07, fiscal years beginning after December 15, 2019, and interim periods within those fiscal years

For entities that have not yet adopted ASU 2018-07, fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020

Yes, but only after adoption of ASU 2018-07

Stock-based compensation guide

Revenue from contracts with customers, global edition guide

ASU 2018-12 Financial Services—Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts As amended by ASU 2019-09, fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024 Yes Insurance contracts guide
ASU 2019-09 Financial Services—Insurance (Topic 944): Effective Date Effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024 Not applicable Insurance contracts guide
ASU 2018-13 Fair Value Measurement (Topic 820) Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement Fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019 Yes Fair value guide
ASU 2018-14 Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20) Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans Fiscal years ending after December 15, 2021 Yes

Pension guide

ASU 2018-15 Intangibles—Goodwill and Other— Internal-Use Software (Subtopic 350-40) Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract Fiscal years beginning after December 15, 2020, and all interim periods beginning after December 15, 2021 Yes Property, plant, equipment and other assets guide
ASU 2018-17 Consolidation (Topic 810): Targeted Improvements to Related Party Guidance for Variable Interest Entities Fiscal years beginning after December 15, 2020, and interim periods within fiscal years beginning after December 15, 2021 Yes Consolidation guide
ASU 2018-18 Collaborative Arrangements (Topic 808): Clarifying the Interaction between Topic 808 and Topic 606
Fiscal years beginning after December 15, 2020, and interim periods within fiscal years beginning after December 15, 2021 Yes, but no earlier than the adoption date of Topic 606 Revenue guide
ASU 2019-02 Entertainment—Films—Other Assets—Film Costs (Subtopic 926-20) and Entertainment—
Broadcasters—Intangibles—Goodwill and Other (Subtopic 920-350)
Fiscal years beginning after December 15, 2020, and interim periods within those fiscal years Yes  
ASU 2019-03 Not-for-Profit Entities (Topic 958): Updating the Definition of Collections Fiscal years beginning after December 15, 2019 and interim periods within fiscal years beginning after December 15, 2020 Yes  
ASU 2019-04 Codification Improvements to Topic 326, Financial Instruments—Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments

Topics 1, 2 and 5 (Amendments to Topic 326):

  • For entities that have not yet adopted ASU 2016-13, the same as ASU 2016-13
  • For entities that have adopted ASU 2016-13, for fiscal years and interim periods beginning after December 15, 2019

Topic 3 (Amendments to Topic 815):

  • For entities that have not yet adopted ASU 2017-12, the same as ASU 2017-12
  • For entities that have adopted ASU 2017-12, the beginning of the first annual reporting period beginning after April 25, 2019

Topic 4 (Amendments to Topic 825):

  • Fiscal years and interim periods beginning after December 15, 2019

Topics 1, 2 and 5: Yes if ASU 2016-13 has been adopted

Topic 3: Yes if ASU 2017-12 has been adopted

Topic 4: Yes if ASU 2016-01 has been adopted

Loans and investments guide

Podcast

ASU 2019-10 Financial Instruments—Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842): Effective Dates

Credit losses & goodwill impairment:

Fiscal years beginning after December 15, 2022, including interim periods within those fiscal years

Hedging & Leases:

Fiscal years beginning after December 15, 2020, and interim periods within fiscal years beginning after December 15, 2021

Not applicable

Leases guide

Loans and investments guide

Business combinations guide

In depth

ASU 2019-12 Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes Fiscal years beginning after December 15, 2021, and interim periods within fiscal years beginning after December 15, 2022
Yes In depth
ASU 2020-01 Investments—Equity Securities (Topic 321), Investments—Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815)

Fiscal years beginning after December 15, 2021, and interim periods within those fiscal years

Yes  
ASU 2020-03 Codification Improvements to Financial Instruments

Issues 1,2,4 and 5:

  • Fiscal years beginning after December 15, 2019, and interim periods within those fiscal years beginning after December 15, 2020.

Issue 3:

  • Fiscal years beginning after December 15, 2019, including interim periods within those fiscal years

Issues 6 and 7

  • For entities that have not yet adopted the amendments related to ASU 2016-13, the same as ASU 2016-13.
  • For entities that have adopted the guidance in ASU 2016-13, fiscal years beginning after December 15, 2019, including interim periods within those fiscal years.
Issues 1, 2, 4, and 5: Yes Loans and investments guide
ASU 2020-04 Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting Upon issuance (March 12, 2020) through December 31, 2022. Not applicable

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Heather Horn

US Strategic Thought Leader, National Professional Services Group, PwC US

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David Schmid

International Accounting Leader, National Professional Services Group, PwC US

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