Upcoming FASB Meeting 12/16: Principle versus Agent Considerations (Gross vs Net Recognition) #RevRec

Refer to the FASB upcoming meetings page to register for the video conference. The meeting will be held Wednesday 12/16 at 8:00 AM EST.

The FASB will redeliberate changes proposed in its August 2015 Proposed Accounting Standards Update, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net), in light of stakeholder feedback received. 

These redeliberations will be conducted jointly with the IASB as it redeliberates the proposed amendments to principal versus agent considerations in its Exposure Draft, Clarifications to IFRS 15.