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Half say revenue rule is immaterial, one-fifth still evaluating

Tammy Whitehouse | September 15, 2017

Mid-year disclosures by Fortune 500 filers show roughly half of those companies expect the pending new revenue recognition accounting standard to have an immaterial effect on their financial positions, but nearly 20 percent are still evaluating the situation.

PwC studied July through mid-August disclosures required by the Securities and Exchange Commission under Staff Accounting Bulletin No. 74 regarding pending accounting standards to gauge the overall impact of...

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