SEC Schedule 2025 refers to the timeline established by the United States Securities and Exchange Commission (SEC) for publicly traded companies to transition to a new accounting standard for financial reporting known as the Consolidated Accounting Standard (CAS).
The primary objective of SEC Schedule 2025 is to enhance the transparency, comparability, and relevance of financial information disclosed by public companies, enabling investors and other stakeholders to make more informed decisions. It aims to address concerns about the complexity and lack of consistency in current accounting practices, particularly in the areas of revenue recognition, lease accounting, and credit losses.
