Pwc's Cfodirect Podcast

Every Tuesday in June, Angela Fergason is taking over the podcast to share the latest in her areas of specialty — including recent trends in revenue, how to consider whether your company is a principal or agent when recognizing revenue, software costs, and restructurings.To continue the series, Heather and Angela are joined by Mike Coleman, a partner in PwC’s National Office, to share insights on the challenges in the principal versus agent analysis.In this episode, you’ll hear discussion of:1:37 - An overview of the principal versus agent assessment3:52 - Practical examples7:09 - An overview of the two-step assessment of whether the company acts as the principal or agent from the perspective of the intermediary17:22 - An overview of the two-step assessment of whether the company acts as the principal or agent from the perspective of the vendor18:22 - Considerations when accounting for revenue based on the results of the principal versus agent analysis22:35 - Final advice to clients and engagements teams when