The Q&As included in this document have been compiled from publicly available TRG memos and other educational resources that had previously been made available during the

implementation of Topic 606. The staff’s full analyses for the issues described in this document, along with educational resources discussed by the Private Company Council (PCC) and for the franchising industry, can be found on the FASB website. However, for ease of use and as part of the Board’s continuing commitment to educate stakeholders, the staff has developed this Q&A document that compiles questions and responses into a single format and location.

The staff’s objective in compiling this Q&A is to improve the ease of navigating the educational resources and is not intended to issue any new implementation guidance. Accordingly, the staff compiled this Q&A using excerpts from memos previously issued. In cases in which the same issue was discussed in multiple previously issued memos, the staff consolidated those discussions into a single Q&A. Additionally, the Q&As herein reflect a compilation of both the staff previously issued memos on the issues as well as the summary of the TRG discussions. Issues for which the Board undertook standard-setting efforts are excluded from this Q&A document because the Codification contains the ultimate resolution of those issues and, accordingly, some TRG memos may not still be relevant.

For contextual purposes, this Q&A focuses only on the guidance in the Codification. It does not address other regulatory, rules, or compliance requirements that entities may need to consider when preparing and issuing financial statements.

This Q&A document includes 81 questions. Each question includes the corresponding section references within the Codification and are categorized by subject matter. While some questions may relate to multiple sections within Topic 606, they have been included only once within this document.