AccountingLink

    EITF Update

    2 October 2018

    EITF Update - September 2018
    The EITF reached consensuses-for-exposure on recognition under Topic 805 for an assumed liability in a revenue contract and improvements to accounting for episodic television series. The Task Force also discussed but didn’t reach a consensus-for-exposure on the measurement of an assumed liability in a revenue contract in a business combination. Instead, the Task Force asked the staff to draft a discussion paper that would seek feedback from stakeholders on this topic. The Task Force will discuss the topic again at a later date.

    8 June 2018

    EITF Update - June 2018
    The EITF reached a final consensus on customer’s accounting for implementation, setup, and other upfront costs (implementation costs) incurred in a cloud computing arrangement that is considered a service contract. The Task Force reached a consensus-for-exposure on recognition under Topic 805 for an assumed liability in a revenue contract. The Task Force also discussed improvements to accounting for episodic television series.

    19 January 2018

    EITF Update - January 2018
    The EITF reached a consensus-for-exposure on customer’s accounting for implementation, setup, and other upfront costs (implementation costs) incurred in a cloud computing arrangement that is considered a service contract.

    21 March 2017

    EITF Update - March 2017
    The EITF reached a final consensus on determining the customer of the operation services in a service concession arrangement.

    21 November 2016

    EITF Update - November 2016
    The EITF reached a final consensus on employee benefit plan master trust reporting.

    23 September 2016

    EITF Update - September 2016
    The EITF reached a final consensus on restricted cash. The EITF also reached a consensus-for-exposure on accounting for service concession arrangements.