![]() ![]() Financial statement preparers and other users of this publication are therefore cautioned to stay abreast of and carefully evaluate subsequent authoritative and interpretative guidance. Certain aspects of this publication may be superseded as new guidance or interpretations emerge. PricewaterhouseCoopers LLP, its members, employees, and agents shall not be responsible for any loss sustained by any person or entity that relies on the information contained in this publication. The information contained in this publication was not intended or written to be used, and cannot be used, for purposes of avoiding penalties or sanctions imposed by any government or other regulatory body. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication. You should not act upon the information contained in this publication without obtaining specific professional advice. This publication has been prepared for general informational purposes, and does not constitute professional advice on facts and circumstances specific to any person or entity. Transfers and servicing of financial assets Revenue from contracts with customers (ASC 606) Loans and investments (post ASU 2016-13 and ASC 326) Investments in debt and equity securities (pre ASU 2016-13) Insurance contracts for insurance entities (pre ASU 2018-12) Consignment inventory is common in industries where companies transfer their goods to the dealer, which distribute or sell them further. Usually, the risks and rewards associated with consignment inventory remain with the company that owns it. Insurance contracts for insurance entities (post ASU 2018-12) Definition: Consignment inventory represents stock legally owned by one company or business but held by another. IFRS and US GAAP: Similarities and differences ![]() ![]() Business combinations and noncontrolling interestsĮquity method investments and joint ventures ![]()
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