No Match Found
Revenue is one of the most important financial statement measure for both preparers and users of financial statements. In addition to being extensively scrutinized by stakeholders and regulators, revenue transactions are often highly complex and can involve significant judgment. Careful consideration and analysis of the facts and circumstances of customer contracts can have significant upstream and downstream impacts on financial statements, performance metrics, and the overall success of the business.
In our experience, judgments and challenges when evaluating contracts with customers can be extensive, and often relate to items outlined below:
In addition to the complexities arising from the technical accounting evaluation, systematic application and tracking of such complexities across all revenue streams and contracts requires careful evaluation of system capabilities, processes and policies.
PwC is a trusted resource for helping companies navigate the accounting and financial reporting challenges of revenue transactions. Our knowledge can help you develop strategies to withstand regulatory scrutiny, anticipate potential areas of focus in filings and meet constantly evolving expectations for clear and transparent financial reporting.
With PwC, your company can:
PwC has a highly credentialed group of Deals professionals with extensive experience helping clients navigate the complexities of revenue transactions. Contact your PwC advisor or one of our Deals professionals to discuss further.