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Revenue transition resource group releases meeting agenda

  • TRG meeting Image

Jan 15, 2015

The FASB and IASB released the agenda for the third meeting of their joint revenue transition resource group (TRG), which will be held on January 26, 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, January 26, 2015

  • Introductory remarks
  • Research project update
  • Identifying promised goods or services
  • Incremental costs to obtain a contract
  • Transition: contract modifications
  • Noncash considerations
  • Stand-ready obligations
  • Islamic financing transactions
  • Collectibility
  • Variable consideration
  • Material rights, considerations payable to a customer, and significant financing component submissions

Agenda papers — including a submission log of issues compiled by staff — for this meeting are available on the IASB's Web site.

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