Deloitte found that only 8% of companies considering an IPO have started work on implementing the new rulesramercyPictures/Courtesy Everett CollectionAccountants do not feel that their companies are prepared for new revenue rules. According to a poll from Deloitte, only 8% of companies that are considering going public have completed the move to the new revenue recognition requirements that are needed for public companies beginning in January 2018. The new rules established by the Financial Accounting Standards Board are meant to standardize how companies report revenue, but have a greater impact on companies that have contracts or deferred revenue, such as software or technology companies.
Did you miss "Mad Money" on CNBC? If so, here are some of Jim Cramer's top takeaways. Sometimes you need to grab the bull by the horns and buy, buy, buy, Cramer told viewers, and that's exactly what investors in FedEx (FDX) were doing today, reversing a $3 decline in the stock yesterday with a $4-per-share gain today. Cramer said that FedEx has always been a play on global trade, just like Boeing (BA) and Caterpillar (CAT) . When the company reported earnings Tuesday, the earnings were good and the outlook even better. But investors latched onto the headlines, related to the hacking of FedEx's European subsidiary. But unlike the massive Equifax (EFX) data breach, FedEx has been upfront and honest
CEO says Apple is concerned with enriching lives, not big revenuesGetty ImagesApple CEO Tim Cook unveiled the iPhone X last week in Cupertino, Calif. DMAMBMCMDMEMGPREVIEWZBZBRZDZDRZFZGZQZRZSZTZUIs the $999 iPhone X too expensive for the average American