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Revenue from contracts with customers, global edition
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Access our updated global guide to the new revenue standard.
This guide was fully updated in August 2017.
In 2014, the FASB and IASB issued their converged standard on revenue recognition, which replaces much of the prescriptive and often industry-specific or transaction-specific guidance included in today’s accounting literature. Subsequent to issuance, a number of implementation issues were identified and discussed by the Revenue Recognition Transition Resource Group, a joint working group established by the boards. Some of these discussions led to the boards making amendments to the standard, its related implementation guidance, and basis for conclusions. The resulting changes to US GAAP and IFRS are not identical. We have updated the Revenue from contracts with customers, global edition guide to reflect these developments, as well as for our additional insights on applying the new standard.
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To download the guide onto an iPad, please open the PDF. Once open, click on the Action button, which appears as a square icon with an upwards pointing arrow. From within the action menu, select the “Copy to iBooks” option. The guide will then be saved to your iBooks app for future access.
In brief
SEC updates its interpretative guidance on revenue recognition
Do the SEC's updates to revenue recognition interpretations and accounting for vaccine stockpile programs impact you?
In transition
The new revenue recognition standard - FAQs about SEC reporting and transition
As the effective date approaches, questions have arisen about how the new revenue standard impacts SEC reporting and disclosure.
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Tax considerations when adopting the new revenue standard
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SEC updates its interpretative guidance on revenue recognition
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Pat Durbin
Partner, National Professional Services Group, PwC US
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