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Companies Lag in Assessing New Revenue Rules, Survey Shows

Tammy Whitehouse | October 27, 2015

The latest study of implementation efforts around the new revenue recognition accounting standard suggests many companies may still be dragging their feet in preparing to adopt the new requirements.

In a survey of 335 finance executives by PwC and Financial Executives Research Foundation, 27 percent of executives said their companies had not yet started an initial impact assessment of the new standard as of summer 2015, and 48 percent had started, but not completed the assessment. More than three-fourths said they could not quantify the financial statement effect of adopting the new standard.

Stallings-dusty-0215When PwC conducted a...

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