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TRG discusses implementation of new revenue standard

  • TRG meeting (mid blue) Image

11 Nov 2015

At its 9 November 2015, meeting, the FASB’s and IASB’s joint revenue transition resource group (TRG) discussed potential issues related to implementing the boards’ new revenue standard.

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's Need to Know.

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