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TRG discusses implementation of new revenue standard

  • IFRS - Deloitte Image

Nov 11, 2015

On November 11, 2015, our US firm released a summary of the November meeting of the FASB’s and IASB’s joint revenue transition resource group (TRG).

Topics dis­cussed at the meeting in­cluded:

  • Customer options for additional goods and services.
  • Pre-production activities.
  • Licenses — Specific application issues related to restrictions and renewals.
  • Whether fixed-odds wagering contracts are inside or outside the scope of ASC 606.

For more in­for­ma­tion, see De­loitte US’s TRG Snap­shot.

Review the newsletter that summarizes the November meeting of the IASB and FASB joint revenue transition resource group.

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