As reported earlier this week in the Society Alert, although obviously industry and company-specific, Microsoft's recent presentation to investors on the impacts of its transition to the new revenue recognition and leasing standards - both of which it early-adopted via the full retrospective method so as to provide just one set of restated financials to investors - is instructive for virtually all companies subject to the new standards both as respects communications to investors, as well as internal (management, board of directors, and relevant functional areas) organization, presentation and planning. Here are the presentation slides, transcript, and investor conference call audio archive.
And this new article from public accounting firm Candela Solutions includes instructive sample 10-Q, 10-K and proxy statement disclosures and associated commentary on the new revenue recognition standard relating to implementation preparation, internal controls, footnote disclosure, and the audit committee's role in overseeing implementation of the new standard - as well as a sample SEC comment on a perceived generic boilerplate 10-K disclosure.