Assessing collectibility under ASC 606: 5 things you need to know

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Podcast Podcast, PwC US 03/12/19

When can you recognize revenue for a customer in financial distress or bankruptcy?

Determining when to recognize revenue under the new revenue standard for customers in financial distress or bankruptcy requires judgment. Don’t assume the answer is the same as it used to be. In this episode, PwC partners Heather Horn and Pat Durbin discuss five things you need to know about assessing collectibility under the new revenue standard, with a specific focus on recognizing revenue when customers are in financial distress or bankruptcy. We discuss:

Recognizing revenue for customers in financial distress

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Heather Horn

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

David Schmid

International Accounting Leader, National Professional Services Group, PwC US

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