ASC 808 Collaborative Arrangements
Joanne M Flood · 2019
This chapter provides clear explanations and practical examples for real-world application of ASC 808, Collaborative Arrangements. It includes relevant sources of GAAP and expert guidance on interpretation, terminology, relevant concepts, and applicable rules, while in-depth discussion on the issues surrounding specific pronouncements offers informative perspective for a variety of scenarios. ASC 808-10 applies to all collaborative arrangements, except for those addressed in other topics. Specifically excluded from ASC 808 are arrangements for which the accounting treatment is addressed by other authoritative literature. It is important to note that ASC 808 does not address recognition or measurement of collaborative arrangements, including guidance regarding matters such as: determining the appropriate units of accounting; determining the appropriate recognition requirements for a given unit of accounting; and the timing of when recognition criteria are considered to have been met.