Ali, Waqar; Tseng, Ayung - 2022
Using 329 time-varying industry factors to capture heterogeneous revenue generation processes, we quantify the impact … of ASC 606 on revenue recognition for US-listed firms. Relative to a dollar of revenue recognized in the current year, an … average of 100 cents of revenue are recognized in the next year before ASC 606, and 56 cents after ASC 606’s implementation …