Paper on the transition to full adoption of new revenue recognition requirements

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24 Oct 2017

The CFA Institute, a global association of investment professionals, has published 'Revenue Recognition Changes'.

About two months remain until the beginning of 2018 when all public companies reporting on a US GAAP and International Financial Reporting Standards (IFRS) basis adopt the revised revenue recognition requirements. The paper examines reporting patterns that have begun to crystallise in the transition to full adoption although it notes:

Notably, many companies seem to be crawling to the starting line. Very few companies have been early adopters. At the same time, insightful numerical information on anticipated impacts from those that are yet to adopt is limited.

The paper also reviews selected critical judgments that could affect reported revenue.

Please click to access the full paper on the CFA Institute website.

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