Agenda for the Joint Transition Resource Group for Revenue Recognition meeting

  • TRG meeting (mid blue) Image

23 Mar 2015

The agenda has been released for the upcoming 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 30 March 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, 30 March 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 website.

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