Jun 12, 2018 / by Xing Gao
From implementing the new revenue recognition standards (ASC 606 and IFRS 15) and the new leasing standard (ASC 842 and IFRS 16), to preparing for the new hedge accounting guidance of ASU 2017-12--companies are very busy making accounting transitions.
To find out how companies are coping with this unprecedented “wave of accounting changes,” PwC recently surveyed more than 600 finance professionals from various industries to learn about their experiences.
Difficult vs Not So Much--What Companies Are Saying About the Accounting Changes
The survey results are broken down by industry, company size, and other variables (e.g., public or private ownership). In addition to information about implementation status and costs, the results show which implementation challenges the 600 financial executives found to be not difficult, somewhat difficult, very difficult, or were unsure how to categorize.
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