TMT sector game changers

A biannual report highlighting new accounting and reporting trends affecting the Technology, Media and Telecommunications (TMT) industries.

December 2017 edition: Key highlights

At the beginning of 2017, there were plenty of questions about how the new US presidential administration would affect deal activity. Even with the shift in tax and trade policies, PwC analysis shows that M&A activity has not slowed within the US.

In May 2017, the FASB asked the EITF to address the customer’s accounting for implementation costs in a cloud computing arrangement that is considered a service contract. The objective of this issue is to reduce diversity in practice. We explore further.

There are multiple new accounting standards effective for 2018. In this section we highlight the accounting standards which may be most impactful to companies in the TMT sector.

The 2017 annual AICPA Conference on Current SEC & PCAOB Developments was held December 4-6, 2017. We feature key highlights of the conference here, including discussions around recent projects, cybersecurity, and the new revenue standard.

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Kevin Healy
US TMT Industry Assurance Leader, PwC US

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