Private company ASC 606 adoption: Transition and disclosure FAQs

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In depth , PwC US Aug 02, 2019

Private company or EGC adopting the new revenue standard this year? We answer your FAQs on transition and disclosure.

Are you an emerging growth company or contemplating an IPO? We answer your ASC 606 adoption questions.

Most nonpublic entities will be required to adopt the new revenue recognition standard in 2019. This publication provides our views on frequently asked questions regarding implementation, with a focus on transition and disclosure implications under US GAAP. It also addresses adoption date considerations for entities filing an initial public offering and entities that qualify as an emerging growth company.

Also, listen to our podcast episode on the new revenue standard for private companies.

For a deeper discussion, please contact:

Angela Fergason

Partner, National Professional Services Group, PwC US

Email

Meta Wendt

Partner, National Professional Services Group, PwC US

Email

Sachi Patel

Director, National Professional Services Group, PwC US

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David Schmid

David Schmid

International Accounting Leader, National Professional Services Group, PwC US

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