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TRG discusses implementation of new revenue standard

  • FASB (US Financial Accounting Standards Board) (lt blue) Image

Nov 07, 2016

On November 7, 2016, the Financial Accounting Standards Board's (FASB) revenue transition resource group (TRG) met and discussed potential issues related to implementing the new revenue standard.

Topics discussed at the meeting included:

  • Revenue recognition over time.
  • Capitalization and amortization of the incremental costs of obtaining a contract.
  • Sales-based or usage-based royalties with a minimum guarantee.
  • Payments to customers.

For more information, see Deloitte’s November 2016 TRG Snapshot.

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