SEC Revises Interpretive Guidance on Revenue Recognition
Publication Date: August 21, 2017

The SEC issued two releases, and SEC staff separately released a Staff Accounting Bulletin (SAB), to update interpretive guidance regarding revenue recognition. The SEC releases update guidance for bill-and-hold arrangements and accounting for vaccines placed into the Vaccines for Children Program and the Strategic National Stockpile. SAB No. 116 brings SEC staff guidance into conformity with FASB's adoption of and amendments to ASC Topic 606, Revenue From Contracts With Customers.