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Survey: ASC 606 Adoption

By Dan Butcher
December 1, 2018
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A report from business and regulatory compliance analytics company Intelligize found that 87% of S&P 500 companies have opted to use the modified retrospective transition method for implementing the new revenue recognition standards.

 

For the early adopters, however, the breakdown was more balanced:

 

49.9%

chose the full retrospective transition method

 

31.3%

opted for the modified retrospective transition method

 

9.4%

did not use a transition method due to a lack of any previous revenue

 

12.5%

did not disclose their transition method

 

The full report, “Impact of New Revenue Recognition Standards on Public Companies,” is available for download at http://bit.ly/2qMUtAF.

 

Dan Butcher is the finance editor of Strategic Finance. He can be reached at dbutcher@imanet.org.
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