Called to Account: New accounting rule raises revenue for big banks, but not all are highlighting the change

As new accounting standards for recognizing revenue take effect in the first quarter of 2018, big banks are taking decidedly different tacks in explaining how some revenues would be reported going forward, and why they are higher or lower than what investors may have expected.

The biggest commercial and investment banks have already explained how new rules for reporting revenue, effective for most public companies on Jan 1, would impact results. The disclosures grew more detailed each quarter throughout the past year until annual reports explained the financial impact on business units and product categories for 2017 and 2016.

Read:Bank earnings will be ‘mixed’ and ‘messy’ — but there’s some good news

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