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JD Edwards: The Impact of Revenue from Contracts with ...

ORACLE JD EDWARDS FAQ JD Edwards: The Impact of Revenue from Contracts with Customers Frequently Asked Questions April 2017 Executive Overview The convergence of FASB and IASB standards for Revenue Recognition will require changes in Oracle accounting solutions. The new standard and future Oracle software updates will apply to most companies reporting under Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS). The new accounting and disclosure standards for Revenue recognition are Financial Accounting Standards Update (ASU) No.

3 the impact of revenue from contracts with customers jd edwards faq (april 2017) For public entities, the effective date starts with reporting periods beginning on or after December 15, 2017.

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