Graduation Year


Date of Submission


Document Type

Campus Only Senior Thesis

Degree Name

Bachelor of Arts



Reader 1

Matthew Magilke

Terms of Use & License Information

Terms of Use for work posted in Scholarship@Claremont.

Rights Information

©2019 Peter C Williams

OCLC Record Number



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.

This thesis is restricted to the Claremont Colleges current faculty, students, and staff.