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Revenue Standard : effective dates for reporting using the new accounting standards

Posted on June 11th, 2017 by Sanjit Anand |Print This Post Print This Post |Email This Post Email This Post

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Q :What are the effective dates for reporting using the new accounting standards

A : The expected effective dates are

  • For public entities, the effective date starts with reporting periods beginning on or after December 15,2017.
    Fornonpublic entities, the effective date will be deferred for one year to annual reporting periods beginning after December 15, 2018 and interims beginning after December 15, 2019.

Early adoption is permitted one year prior to these dates.

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