Survey: ASC 606 Adoption

By Daniel Butcher
December 1, 2018

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:



chose the full retrospective transition method



opted for the modified retrospective transition method



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



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.


Daniel Butcher is the finance editor at IMA and staff liaison to IMA’s Committee on Ethics.You can reach him at daniel.butcher@imanet.org.
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