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Agenda for the Joint Transition Resource Group for Revenue Recognition meeting

  • TRG meeting Image

Oct 20, 2014

The agenda has been released for the second meeting of the Joint Transition Resource Group for Revenue Recognition (TRG), which is being jointly held at the offices of the IASB and FASB on October 31, 2014. The TRG will discuss a number of topics related to the boards’ new revenue standard, “Revenue From Contracts With Customers” (issued as IFRS 15 by the IASB and ASU 2014-09 by the FASB).

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

The agenda for the meeting is as follows:

Friday, October 31, 2014

  • Introductory remarks.
  • Customer options for additional goods and services and nonrefundable up-front fees.
  • Presentation of a contract as a contract asset or a contract liability.
  • Determining the nature of a license of intellectual property.
  • Distinct in the context of the contract.
  • Contract enforceability and termination clauses.

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

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