Accounting Rulemaker Asks How Landmark Revenue Standard Is Doing

Nine years after publishing sweeping accounting rules for calculating the top line in company income statements, US accounting standard-setters want to know how it’s working.

The Financial Accounting Standards Board will hold a public roundtable meeting on Nov. 10 to gather feedback from investors, accountants, and auditors on its landmark revenue recognition accounting standard.

• The public forum, to be held at FASB headquarters in Norwalk, Conn., is part of the board’s post-mortem of the major rules.
• Published in 2014 after years of debate with its London-based counterpart, the International Accounting Standards Board, FASB’s ASC 606 replaced scores of industry-specific ...