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Stock impact report

A New, Must-Know Metric Provides Insight Into Splunk's Business [The Motley Fool]

Splunk Inc. (SPLK) 
Last splunk inc. earnings: 3/4 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.splunk.com/investor-relations
Company Research Source: The Motley Fool
A new accounting standard gives shareholders deeper insight into the company's revenue. By virtue of its fiscal 2019 year, which began in February, machine data analysis pioneer Splunk Inc ( NASDAQ:SPLK ) is part of a first wave of companies complying with Accounting Standards Codification (ASC) number 606: Revenue From Contracts With Customers. This new accounting standard under GAAP , effective for public companies with annual periods that begin after December 15th, 2017, clarifies the reporting of revenue from contractual relationships. ASC 606 is based on the following, very simple premises. In a contract between two parties, it's logical that specific performance obligations can be identified. It also makes sense that the contract's transaction price should be allocated between these obligations. The provider of a service should be able to recognize revenue in stages as each obligation is performed or satisfied.   Among various guidelines that arise from the l Show less Read more
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