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Companies reflect pain points over accounting change

Tammy Whitehouse | June 8, 2018

Virtually all public companies are feeling some pain over the nature and magnitude of accounting change occurring in their organizations the past few years, according to a recent PwC poll.

More than half of all public company respondents said they are finding the adoption of new accounting standards over the past few years to be somewhat difficult, and 40 percent rated it very difficult. Only 5 percent said their experience has not been difficult.

The late April/early May poll of more than 600 executives, 70 percent of whom work in public company settings, found one-third were still working on finalizing their implementations of the new revenue recognition standard. The massive accounting change took...

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