Graduation Year
2019
Date of Submission
12-2018
Document Type
Campus Only Senior Thesis
Degree Name
Bachelor of Arts
Department
Economics-Accounting
Reader 1
Matthew Magilke
Terms of Use & License Information
Rights Information
©2019 Peter C Williams
OCLC Record Number
1091194805
Abstract
This thesis examines the impact of the new revenue recognition standard, Accounting Standard Codification 606 (ASC 606), on the preparation and presentation of the financial statements. This thesis also inspects the impact of this change on the financial markets. This study begins with a qualitative examination of the impacts pertaining to ASC 606 through expert interviews and close examination of previously published reports. This paper later analyzes the financials of 10 specific companies and the effects attributed to ASC 606. And finally, this paper analyzes the effect of this change on the financials markets by examining the stock prices of each firm in the days surrounding the release of the updated financials.
Recommended Citation
Williams, Peter, "Evaluating the Impact of ASC 606 on the Preparation and Presentation of the Financial Statements and the Corresponding Market Reaction" (2019). CMC Senior Theses. 2039.
https://scholarship.claremont.edu/cmc_theses/2039
This thesis is restricted to the Claremont Colleges current faculty, students, and staff.
