Agenda for the Joint Transition Resource Group for Revenue Recognition meeting

  • TRG meeting (mid blue) Image

15 Jan 2015

The agenda has been released for the third 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 26 January 2015. 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, analysing, and discussing stakeholder issues arising from implementation of the new standards in order to assist the IASB and the FASB to determine what, if any, action will be needed to address those issues.

The agenda for the meeting is as follows:

Monday, 26 January 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 website.

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