PwC Revenue Recognition Survey and SAB 74 Disclosure Guidance

Authors

Jeff Wilks, Brigham Young University - ProvoFollow
Lydia Sheffield, Brigham Young University - Provo

Keywords

ASC 606 transition, retrospective methods, PwC survey

Abstract

Haven’t decided yet which transition method to use for Accounting Standards Codification (ASC) 606 (modified retrospective or full retrospective)? Then you’re in good company. According to a 2016 PwC survey, 52 percent of companies across all industries have yet to make that decision. The results of PwC’s survey allow companies to compare their progress on ASC 606 with that of other companies, both inside and outside of their industries. In this article, we highlight some of PwC’s key findings and point you toward helpful guidance on SAB 74 disclosures.

Original Publication Citation

PwC Revenue Recognition Survey and SAB 74 Disclosure Guidance (T. J. Wilks and L. Sheffield), RevenueHub, March 10, 2017. (3,550 unique views as of Jan. 13, 2023)

BYU ScholarsArchive Citation

Wilks, Jeff and Sheffield, Lydia, "PwC Revenue Recognition Survey and SAB 74 Disclosure Guidance" (2017). Faculty Publications. 8662.
https://scholarsarchive.byu.edu/facpub/8662

Document Type

Peer-Reviewed Article

Publication Date

2017

Publisher

RevenueHub

Language

English

College

Marriott School of Business

Department

Accountancy

University Standing at Time of Publication

Full Professor

Copyright Use Information

https://lib.byu.edu/about/copyright/