Reporting |
Survey: ASC 606 Adoption
ByDecember 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:
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.
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