For those sweating the upcoming implementation of the new revenue recognition standard, you may get a slight reprieve: the Financial Accounting Standards Board (FASB) voted to propose whether or not it should push the effective date back one year, from Dec. 15, 2016 to Dec. 15, 2017, according to the Journal of Accountancy. While the original standard, the results of a years-long collaboration process between the FASB and the International Accounting Standards Board (IASB), was approved last May, stakeholders have since expressed concern over the amount of time it would take to implement it within their own businesses, as well as certain aspects that some felt were impractical, according to the Journal. For example, people have said that there is a logistical issue that comes with the requirement to review contracts with customers, which may number in the millions and have durations of a decade or more. There were also concerns about certain ambiguities in areas such as gross versus net sales tax presentation, or measurement dates for noncash consideration. The FASB has directed its staff to prepare a formal document asking for feedback during what will be a 30-day comment period, said the Journal.