Interpretive Rule
Commission Guidance Regarding Revenue Recognition for Bill-and-Hold Arrangements
Overview
The Commission is publishing this interpretive release in order to bring existing guidance into conformity with Financial Accounting Standards Board Accounting Standards Codification Topic 606, Revenue from Contracts with Customers. Upon adoption of Accounting Standards Codification Topic 606, registrants should no longer rely on the guidance in Securities Exchange Act Release No. 23507 and Accounting and Auditing Enforcement Release No. 108, In the Matter of Stewart Parness, which set forth the criteria to be met in order to recognize revenue when delivery has not occurred.
Resources
Details
Rule Type
Interpretive
Release Number
33-10402
34-81428
IC-32784
SEC Issue Date
Aug. 18, 2017
Effective Date
August 29, 2017
Federal Register Publish Date
Aug. 29, 2017
Document Citation
82 FR 41147