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Agenda for inaugural meeting of the Joint Transition Resource Group for Revenue Recognition

  • TRG meeting (mid blue) Image

08 Jul 2014

The agenda has been released for the upcoming inaugural meeting of the Joint Transition Resource Group for Revenue Recognition (TRG), which is being jointly held at the offices of the International Accounting Standards Board (IASB) and United States Financial Accounting Standards Board (FASB) on 18 July 2014. The TRG will discuss a number of issues related to the recently issued IFRS 15 'Revenue from Contracts with Customers' and United States Accounting Standards Update No. 2014-09, 'Revenue from Contracts with Customers'.

The TRG was formed in June 2014 and is responsible for soliciting, analysing, and discussing stakeholder issues arising from implementation of the new standards in order to assist the IASB and the FASB to determine what, if any, action will be needed to address those issues.

The agenda for the meeting is as follows:

Friday, 18 July 2014 (13:00-17:00 BST, 08:00-12:00 US Eastern)

  • Introductory remarks
  • Gross versus net revenue
  • Gross versus net revenue: amounts billed to customers
  • Sales-based and usage-based royalties in contracts with licenses and goods or services other than licences
  • Impairment testing of capitalised contract costs

 

Agenda papers from this meeting are available on the IASB's website.

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