Gartner Research

Revenue Recognition One Year In: Adoption Costs, Best Practices and Remaining Challenges

Published: 27 March 2019

ID: G00707415

Analyst(s): Finance Research Team


The new revenue recognition standard, ASC 606, markedly shifted how companies record and disclose revenue from contracts with customers. Learn the best practices corporate controllers developed as they adopted and applied the standard, as well as the ongoing challenges they face.

Table Of Contents


Implementation Costs and Effects on Audit-Related Fees

A Costly Implementation for Tech Companies

Higher Audit and Consulting Fees

Best Practices for an Efficient Adoption

Early Draft Disclosure

Accounting-Managed Compliance Workstream

Centrally Tracked Contracts

Ongoing Challenges

Performance Obligations

Transaction Pricing

Internal Controls

Manual Processes


Recommended by the Authors

About This Research


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