PwC's accounting podcast
Accounting for service concession arrangements: 5 things to know
Sep 10, 2019 · 23 min
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Service concession arrangements can be long term in nature, so day 1 accounting decisions will impact your financial statements for a long time. Tune in as Dusty Stallings joins Heather Horn to discuss 5 things you need to know about implementing the new guidance. Topics include:

  • 0:43 - Overview. What is a service concession and what do we mean by  ‘doing business with the government?' 

  • 2:29 - Scope. We dive into the scope of the new guidance in ASC 853 and talk about who it applies to. 

  • 8:18 - Balance sheet presentation. How does this affect your balance sheet? Dusty explains. 

  • 10:08 - Income statement impact. Next we discuss how this guidance affects the income statement. 

  • 17:43 - Common questions. To close out, we address common questions, including those on disclosure requirements and determining performance obligations. 

About our guest

Dusty Stallings is a PwC partner who specializes in the application and interpretation of revenue recognition guidance. Dusty has worked closely with standard setters and industry experts in interpreting the new revenue recognition guidance, and assisted numerous multinational companies with application and implementation.

About our host 

Heather Horn is PwC's National office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series, as well as periodic webcasts for the power and utilities industry. With over 25 years of experience, Heather’s accounting and auditing expertise includes financial instruments and rate-regulated accounting.

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