With data from the CompanyIQ^® SEC EDGAR search tool, this study was performed by Connor Group to provide an overview of current disclosures made by large US-listed companies regarding the upcoming or recent adoption of ASC 606 Revenue from Contracts with Customers (or its IFRS equivalent, IFRS 15). This is our third disclosure study on the The last study was completed in November 2016.

This study was conducted in March 2017 based on disclosures in SEC filings of 319 companies (285 companies filing using US GAAP, and 34 using IFRS). This population was determined and the filings were retrieved via searches within CompanyIQ^® based on the following criteria:

• Companies with market capitalization over $10 billion
• A Form 10-Q, 10-K, 20-F or 6-K was filed from November 11, 2016 and March 1,
• Disclosure language includes “revenue from contracts with customers” or “new revenue standards”.
• All industries except finance, insurance, real estate, oil and gas, and mining.