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Revenue transition resource group releases meeting agenda

  • TRG meeting (mid blue) Image

07 Jul 2015

The IASB and FASB released the agenda for the upcoming meeting of their joint revenue transition resource group (TRG), which will be held on 13 July 2015.

The purpose of the TRG is to seek feed­back on po­ten­tial issues related to im­ple­men­ta­tion of the boards’ new revenue stan­dard. By an­a­lyz­ing and dis­cussing po­ten­tial im­ple­men­ta­tion issues, the TRG will help the boards de­ter­mine whether they need to take ad­di­tional action, such as pro­vid­ing clar­i­fi­ca­tion or issuing other guid­ance.

The agenda for the meeting is as follows:

Monday, 13 July 2015

  • In­tro­duc­tory remarks
  • Project updates
  • Consideration payable to a customer
  • Credit cards
  • Portfolio practical expedient and application of variable consideration constraint
  • Completed contracts at transition
  • Application of the series provision and allocation of variable consideration
  • Practical expedient for measuring progress toward complete satisfaction of a performance obligation
  • Measuring progress when multiple goods or services are included in a single performance obligation
  • Determining when control of a commodity transfers
  • Accounting for restocking fees and related costs

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

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