Change in Recognition of Tooling Costs and Paid-Supply Transactions Following Adoption of the Revenue Recognition Accounting Standard

This topic covers a change in accounting treatment accompanying the adoption of the revenue recognition accounting standard and related standards, under which tooling costs are recognized in revenue and cost of sales at a point in time, and supplied items in paid-supply transactions are not derecognized in accordance with the repurchase obligation. The impact of the adoption on revenue, cost of sales and retained earnings will also be disclosed.