United States:
SEC Updates Revenue Recognition Guidance
29 August 2017
Cadwalader, Wickersham & Taft LLP
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The SEC updated preexisting accounting guidance to conform to Financial Accounting Standards Codification Topic
606 ("Revenue from Contracts with Customers").
See Commission Guidance Regarding Revenue Recognition
for Bill-and-Hold Arrangements. In addition, SEC staff
from the Office of the Chief Accountant and the Division of
Corporation Finance published Staff
Accounting Bulletin No. 116 which updates the Staff Accounting
Bulletin Series on Financial Accounting Standards Codification
Topic 606.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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