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TRG discusses implementation of new revenue standard

  • TRG meeting Image

Nov 11, 2015

At its November 9, 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 TRG Snap­shot.

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