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Revenue Standard Update: Companies Still Ducking It

Tammy Whitehouse | November 10, 2015

Corporate finance departments are playing the silent type right now about how they plan to implement the new revenue recognition standard—which is not quite the amount of disclosure the Securities and Exchange Commission and others were hoping to see.

Granted, accounting leaders close to Corporate America’s revenue recognition adoption efforts do have different expectations about how much companies can, or should, say in their 2015 Form 10-Ks to comply with SEC disclosure requirements. But for an implementation project of this size (and for many businesses, the project could be huge) the 2018 implementation deadline is coming up fast.

Joe TalleyThe SEC’s historical Staff Accounting Bulletin No. 74, now codified under Topic 11M, does require companies to disclose in their financial statements the expected effect of accounting... To get the full story, subscribe now.