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Highlights of Nov. 7 TRG meeting

This bulletin summarizes the general agreement reached by the Joint Transition Resource Group for Revenue Recognition (TRG) on November 7 on four issues connected with implementing the new revenue guidance:

  • Capitalization and amortization of incremental costs of obtaining a contract
  • Sales-based or usage-based royalties with minimum guarantees
  • Up-front payments to customers
  • Over-time revenue recognition