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Revenue Transition Group Discusses Consideration Payable to a Customer, Series Guidance

Apr 02, 2015
From the Financial Reporting View and the IFRS Institute

This edition of Defining Issues reports that the Joint Transition Resource Group for Revenue Recognition (TRG) met for the fourth time on March 30, 2015, and discussed eight issues related to the revenue recognition standard. The TRG members generally agreed that stakeholders can understand and apply the guidance in the standard for the majority of the issues discussed. However, additional guidance or standard setting for some issues may occur to narrow the potential for diversity in practice.

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