TRG discusses implementation of new revenue standard
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.
