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Companies make progress, face more work on revenue

Tammy Whitehouse | November 28, 2017

An analysis of third-quarter filings suggests companies are making progress implementing the new revenue recognition standard, but still have plenty of work to do in the fourth quarter to finish the job.

As it has done in earlier quarters in 2017, Deloitte took a close look at a random sample of third-quarter filings by the Fortune 1000 to get a barometer on how implementation of the new standard is likely progressing across capital markets. The analysis revealed 15 percent of companies had disclosed they were “substantially complete” with their implementation activities, which is “up slightly” from 10 percent in the second quarter, the firm reported.

All public companies are required to adopt the new, five-step method governing...

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