Pwc's Cfodirect Podcast

Revenue accounting reset - Presentation and disclosure

Informações:

Sinopsis

We continue our revenue accounting podcast miniseries with an episode focused on presentation and disclosure. From balance sheet and income statement classification to required disclosures under ASC 606, we highlight key guidance and address key areas where questions often arise in practice.In this episode, we discuss:1:27 – Income statement presentation of revenue4:16 – Balance sheet presentation considerations related to revenue 9:38 – Overview of revenue disclosure objectives and the five primary disclosure areas:11:27 – Disaggregated revenue18:40 – Performance obligations23:26 – Significant judgments26:31 – Contract balances29:01 – Costs to obtain or fulfill a contractFor more information, chapter 33 of our Financial statement presentation guide. You can also listen to the other episodes in this series: Revenue accounting reset – Recognizing revenue Revenue accounting reset – Variable considerationRevenue accounting reset – Consideration payable to a customerBe sure to follow this podcast on your favorite