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.
© 2016 - 2020 PwC. All rights reserved. PwC refers to the US member firm or one of its subsidiaries or affiliates, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details.