KPMG’s insights on ASC 606 implementation. With the new revenue standard now in effect, KPMG reports on the most significant industry issues.
Applying the new revenue recognition standard
Mandatory effective dates and early adoption provisions:
Annual periods –
Fiscal years beginning after
Interim periods –
In fiscal years beginning after
Early adoption allowed in fiscal years beginning after
December 15, 2017
December 15, 2017
December 15, 2016
December 15, 2018
December 15, 2019
December 15, 2016
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