Survey: ASC 606 AdoptionBy
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.