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Revenue transition resource group releases meeting agenda

  • TRG meeting Image

Mar 23, 2015

The FASB and IASB released the agenda for the upcoming meeting of their joint revenue transition resource group (TRG), which will be held on March 30, 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, March 30, 2015

  • Introductory remarks
  • Project updates
  • Variable discounts
  • Material rights
  • Consideration payable to a customer
  • Partial satisfaction of performance obligations prior to identifying the contract
  • Warranties
  • Significant financing component
  • Whether contributions are included or excluded from the scope
  • Series of distinct goods and services

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

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