FASB/IASB Joint Transition Resource Group for Revenue Recognition

Joint FASB/IASB Webcast

On September 15, 2016 The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) jointly hosted a webcast about implementing the requirements in Revenue from Contracts with Customers (Topic 606 and IFRS 15).

Click here for a replay of the webcast.

FASB Project Update

Learn more about recently issued standards related to issues identified by the TRG. Recently released standards include:
  1. ASU 2016-12: Narrow-Scope Improvements and Practical Expedients
  2. ASU 2016-10: Identifying Performance Obligations and Licensing
  3. ASU 2016-08: Principal versus Agent Considerations (Reporting Revenue Gross versus Net)
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FASB Outlook

An Update on Implementing the New Revenue Standard.
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  • Joint FASB/IASB Webcast Implementation Update on Revenue from Contracts with Customers
  • FASB Project Update FASB Projects to Address TRG Identified Issues
  • FASB Outlook An Update on Implementing the New Revenue Standard

About the Group

  • Purpose of the Group
  • Operating Procedures
  • Contact Information
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Scheduled meetings and instructions on how to attend
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Group Members

The members of the TRG include those with knowledge and experience in revenue recognition under U.S. GAAP and/or IFRS
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Revenue from Contracts with Customers

Learn more about technical and research agenda projects and related FASB decisions.
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Submit an Issue

Guidelines on how to provide implementation feedback
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Revenue Recognition Standard

Learn more about the new Revenue Recognition Standard
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