This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Revenue transition resource group releases meeting agenda

  • TRG meeting Image

Jul 07, 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 July 13, 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 following topics will be discussed at the TRG’s July 13 meeting:

  • In­tro­duc­tory remarks.
  • Project updates.
  • Consideration payable to a customer.
  • Credit cards.
  • Portfolio practical expedient and application of variable consideration constraint.
  • Completed contracts at transition.
  • Application of the series provision and allocation of variable consideration.
  • Practical expedient for measuring progress toward complete satisfaction of a performance obligation.
  • Measuring progress when multiple goods or services are included in a single performance obligation.
  • Determining when control of a commodity is transferred.
  • Accounting for restocking fees and related costs.

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

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.