Revenue TRG Discusses Optional Purchases, Licenses, Pre-production Activities, and Fixed-odds Wagers
Nov 10, 2015
From the Financial Reporting Network
This edition of Defining Issues reports that the Joint Transition Resource Group for Revenue Recognition (TRG) held its most recent meeting on November 9, 2015. The TRG’s discussions may be helpful to preparers when making the critical judgment about whether additional goods and services in a revenue contract should be treated as customer options or as variable consideration.