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PwC is pleased to offer our updated accounting and financial reporting guide, Business combinations and noncontrolling interests. This guide summarizes the applicable accounting literature, including relevant references to and excerpts from the FASB’s Accounting Standards Codification (the Codification). It also provides our insights and perspectives, interpretative and application guidance, illustrative examples, and discussion on emerging practice…
This EY FRD provides interpretive guidance on the accounting for real estate sales. Download from EY ACCOUNTING LINK Error happened.
An executive overview of the lease accounting standard from a lessor’s perspective. Key impacts: Lessor accounting is not fundamentally changed, but important differences from ASC 840 exist. Key aspects of the lessor accounting guidance have been aligned with the guidance in ASC 606 (revenue recognition). Your customers will now be required to recognize all leases,…
This April 2021 edition expands on our existing ASC 606 guidance for franchisors to incorporate insights on the adoption of ASU 2021-02, which simplifies how private company franchisors analyze certain activities when determining their performance obligations in a franchise agreement. Applicability Companies with franchisor operations Key impacts ASC 606 impacts the following areas: Entirely new…
Read More “Revenue for franchisors under US GAAP 2021 KPMG Handbook” »
This Roadmap provides Deloitte’s insights into and interpretations of the guidance in ASC 606 on revenue from contracts with customers, the cost guidance in ASC 340-40, and the guidance in ASC 610-20 on gains and losses on transfers of nonfinancial and in-substance nonfinancial assets to noncustomers. The 2020 edition includes new guidance and examples that…
Read More “A Roadmap to Applying the New Revenue Recognition Standard (December 2020)” »
On 28 May 2014, the International Accounting Standards Board (IASB) published IFRS 15 Revenue from Contracts with Customers. IFRS 15 sets out a single and comprehensive framework for revenue recognition, which supersedes (IAS 18 Revenue and IAS 11 Construction Contracts) and the accompanied Interpretations. In common with other recently issued IFRSs, IFRS 15 includes comprehensive…
Read More “IFRS IN PRACTICE 2020-2021 IFRS 15 REVENUE FROM CONTRACTS WITH CUSTOMERS” »