ASU 2016-12

On May 28, 2014, the FASB and the International Accounting Standards Board
(IASB) issued a converged standard on recognition of revenue from contracts with
customers. In June 2014, the FASB and the IASB (collectively, the Boards)
announced the formation of the FASB-IASB Joint Transition Resource Group for
Revenue Recognition (TRG). One of the objectives of the TRG is to inform the
Boards about potential implementation issues that could arise when organizations
implement the new revenue guidance.