Revenue: Implementation in the technology sector

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In depth , PwC US Apr 25, 2017

We highlight the latest implementation issues specific to entities in the technology industry. Read before you adopt.


Public companies must adopt the new revenue standard in 2018. Almost all entities will be affected to some extent by the new guidance, though the effect will vary depending on industry and current accounting practices. Although originally issued as a converged standard under US GAAP and IFRS, the FASB and IASB have made slightly different amendments so the ultimate application of the guidance could differ under US GAAP and IFRS.

The Revenue Recognition Transition Resource Group (TRG) has discussed various implementation issues impacting companies across many industries. These discussions may provide helpful insight into application of the guidance and the SEC expects registrants to consider these discussions in applying the new guidance.

This publication reflects the implementation developments over the past few years and highlights certain challenges specific to entities in the technology industry. The content in this publication should be considered together with our Revenue guide.

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David Schmid

International Accounting Leader, National Professional Services Group, PwC US

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