- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
An analysis of Fortune 1000 disclosures provides more disturbing evidence that companies are making only sluggish progress in implementing new revenue recognition accounting.
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Digging deeper into challenges with the revenue standard, companies are traipsing a minefield in determining how to recognize costs tied to generating revenue.
Investors would like to see full historic numbers under the new revenue rules, but companies clearly are planning to give them less. How will they bridge the gap?
Just as tax is the last thing to happen in a financial statement close, it seems to be the last thing happening in preparing for the new revenue rules as well.
