FASB/IASB Joint Transition Resource Group for Revenue Recognition

FASB and IASB Announce the Formation of the Joint Transition Resource Group for Revenue Recognition

The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) today announced the formation of the Joint Transition Resource Group for Revenue Recognition (TRG).
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Accounting Standards Update: Revenue from Contracts with Customers

The new standard enables companies to recognize revenue to depict the transfer of goods or services to customers in amounts that reflect the consideration (that is, payment) to which the company expects to be entitled in exchange for those goods or services.
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IASB and FASB Issue Converged Standard on Revenue Recognition

Norwalk, CT, May 28, 2014—The International Accounting Standards Board (IASB), responsible for International Financial Reporting Standards (IFRS), and the Financial Accounting Standards Board (FASB), responsible for U.S. Generally Accepted Accounting Principles (U.S. GAAP), today issued jointly a converged standard on the recognition of revenue from contracts with customers....
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  • June 3, 2014 FASB and IASB Announce the Formation of the Joint Transition Resource Group for Revenue Recognition
  • May 28, 2014 Accounting Standards Update: Revenue from Contracts with Customers
  • May 28, 2014 IASB and FASB Issue Converged Standard on Revenue Recognition

About the Group

  • Purpose of the Group
  • Operating Procedures
  • Contact Information
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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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Meetings



Scheduled meetings and instructions on how to attend
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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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