TRG Tackles M&D Revenue Issues

Lasing cutting through metal

Executive Summary

Manufacturing and distribution (M&D) companies face unique challenges in applying the new revenue recognition standard, Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (Topic 606), due to the variety of revenue streams common in the industry. The Financial Accounting Standards Board Transition Resource Group (TRG) addressed several M&D issues at its November 2016 meeting.

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