This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice ( for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

TRG discusses implementation of new revenue standard

  • IFRS - Deloitte Image
  • IFRS - Meeting Image

Apr 01, 2015

On March 31, 2015, the joint revenue transition resource group (TRG) and IASB and FASB board members discussed potential issues related to implementing the boards’ new revenue standard.

Topics discussed at the meeting included:

  • Allocation of the transaction price for discounts and variable consideration
  • Material rights
  • Consideration payable to a customer
  • Partially satisfying performance obligations before identifying the contract
  • Warranties
  • Significant financing components
  • Whether contributions are within the scope of the new revenue standard

For more information, see Deloitte’s TRG Snapshot.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.