IMPLEMENTATION Q&A
Implementation Q&A
The Revenue Recognition Implementation Q&A incorporates previously issued FASB staff and Transition Resource Group (TRG) memos and other educational materials into a user-friendly question-and-answer format. The Q&A document includes 81 questions organized by subject matter. Each question and answer includes the corresponding section references within the FASB Accounting Standards Codification®, staff paper references, and a summary of TRG discussions, as well as full staff analysis and Private Company Council (PCC) educational resources, where applicable. This Q&A is a user friendly compilation of the prior educational materials and is not intended to change any prior analysis.
The Q&A represents the views of the FASB staff. Official positions of the FASB are determined only after extensive due process and deliberation.
This webpage also includes all of the memos discussed by the TRG as well as webcast archives. Memos are listed in the log below as well as in chronological order below. In addition to TRG memos, this webpage also includes educational memos discussed by the Private Company Council (PCC) and resources for the franchising industry.
TRG Issues Log
IMPLEMENTATION RESOURCES
- Private Company Council Memos
- Franchisor Resources
- Not-for-Profit Resources
MEETING DATES
- November 7, 2016
- April 18, 2016
- November 9, 2015
- July 13, 2015
- March 30, 2015
- January 26, 2015
- October 31, 2014
- July 18, 2014
MEETING MATERIALS
Monday, November 7, 2016
- Agenda
- Submission Tracker
- Memo No. 56 Over Time Revenue Recognition
- Memo No. 57 Capitalization and Amortization of Incremental Costs of Obtaining a Contract
- Memo No. 58 Royalty with Minimum Guarantee
- Memo No. 59 Payments to Customers
- Memo No. 60 Summary of Issues Discussed and Next Steps
Monday, April 18, 2016
- Agenda
- Submission Tracker
- Memo No. 50 Scoping Considerations for Incentive-Based Capital Allocations
- Memo No. 51 Contract Asset Treatment in Contract Modifications
- Memo No. 52 Scoping Considerations for Financial Institutions
- Memo No. 53 Evaluating How Control Transfers over Time
- Memo No. 54 Class of Customer
- Memo No. 55 April 2016 Meeting—Summary of Issues Discussed and Next Steps
Monday, November 9, 2015
- Agenda
- Submission Tracker
- Memo No. 45 Licenses—Specific Application Issues About Restrictions and Renewals
- Memo No. 46 Pre-Production Activities
- Memo No. 47 Whether Fixed Odds Wagering Contracts Are Included or Excluded from the Scope of Topic 606
- Memo No. 48 Customer Options for Additional Goods and Services
- Memo No. 49 November 2015 Meeting—Summary of Issues Discussed and Next Steps
Monday, July 13, 2015
- Agenda
- Submission Tracker
- Memo No. 35 Accounting for Restocking Fees and Related Costs
- Memo No. 36 Credit Cards
- Memo No. 37 Consideration Payable to a Customer
- Memo No. 38 Portfolio Practical Expedient and Application of Variable Consideration Constraint
- Memo No. 39 Application of the Series Provision and Allocation of Variable Consideration
- Memo No. 40 Practical Expedient for Measuring Progress toward Complete Satisfaction of a Performance Obligation
- Memo No. 41 Measuring Progress when Multiple Goods or Services Are Included in a Single Performance Obligation
- Memo No. 42 Completed Contracts at Transition
- Memo No. 43 Determining When Control of a Commodity Transfers
- Memo No. 44 July 2015 Meeting—Summary of Issues Discussed and Next Steps
Monday, March 30, 2015
- Agenda
- Submission Tracker
- Memo No. 26 Contributions
- Memo No. 27 Series of Distinct Goods or Services
- Memo No. 28 Consideration Payable to a Customer
- Memo No. 29 Warranties
- Memo No. 30 Significant Financing Component
- Memo No. 31 Variable Discounts
- Memo No. 32 Exercise of Material Right
- Memo No. 33 Partially Satisfied Performance Obligations
- Memo No. 34 March 2015 Meeting - Summary of Issues Discussed and Next Steps
Monday, January 26, 2015
- Agenda
- Submission Tracker
- Memo No. 12 Identifying Promised Goods or Services
- Memo No. 13 Collectibility
- Memo No. 14 Variable Consideration
- Memo No. 15 Noncash Consideration
- Memo No. 16 Stand Ready Obligations
- Memo No. 17 Islamic Finance Transactions
- Memo No. 18 Material Right
- Memo No. 19 Consideration Payable to a Customer
- Memo No. 20 Significant Financing Component
- Memo No. 21 Licenses Research Update
- Memo No. 22 Performance Obligations Research Update
- Memo No. 23 Costs to Obtain a Contract
- Memo No. 24 Contract Modifications
- Memo No. 25 January 2015 Meeting – Summary of Issues Discussed and Next Steps
Friday, October 31, 2014
- Agenda
- Submission Tracker
- Memo No. 6 Customer Options for Additional Goods and Services and Nonrefundable Upfront Fees
- Memo No. 7 Presentation of a Contract as a Contract Asset or a Contract Liability
- Memo No. 8 Determining the Nature of a License of Intellectual Property
- Memo No. 9 Distinct in the Context of the Contract
- Memo No. 10 Contract Enforceability and Termination Clauses
- Memo No. 11 October 2014 Meeting—Summary of Issues Discussed and Next Steps
Friday, July 18, 2014
- Agenda
- Memo No. 1 Gross versus Net Revenue
- Memo No. 2 Gross versus Net Revenue: Amounts Billed to Customers
- Memo No. 3 Sales-Based and Usage-Based Royalties in Contracts with Licenses and Goods or Services Other Than Licenses
- Memo No. 4 Impairment Testing of Capitalized Contract Costs
- Memo No. 5 July 2014 Meeting – Summary of Issues Discussed and Next Steps [Revised]
- Overview of Joint Transition Resource Group for Revenue Recognition
MEETING WEBCAST ARCHIVE
- November 7, 2016
- April 18, 2016
- November 9, 2015
- July 13, 2015
- March 30, 2015
- January 26, 2015
- October 31, 2014
- July 18, 2014