Wiley GAAP 2018, 16th Edition

51ASC 808 Collaborative Arrangements

1. Perspective and Issues
   1. Subtopic
   2. Scope
      1. Endeavor
      2. Timing of determination or redetermination
      3. Joint operating activities
   3. Overview
2. Definitions of Terms
3. Concepts, Rules, and Examples
   1. Collaborative Arrangements—Presentation
      1. Accounting for transactions with unrelated third parties
      2. Example of a collaborative arrangement

Perspective and Issues

Subtopic

ASC 808-10, Collaborative Arrangements, contains one subtopic:

• ASC 808-10, Overall, which defines collaborative arrangements and gives reporting requirements.

Scope

ASC 808-10 applies to all collaborative arrangements, except for those addressed in other topics. Specifically excluded from ASC 808 are:

1. Arrangements for which the accounting treatment is addressed by other authoritative literature, (ASC 808-10-15-3)
2. Guidance regarding matters such as:
   1. Determining the appropriate units of accounting,
   2. Determining the appropriate recognition requirements for a given unit of accounting,
   3. The timing of when recognition criteria are considered to have been met. (ASC 808-10-15-5)

A collaborative arrangement is not primarily conducted through a separate legal entity created for it. If a part of the arrangement is conducted through a legal entity, that part is accounted for under ASC 810. (ASC 808-10-15-4)

Endeavor

An activity (referred to as an “endeavor”) that is the subject of a joint operating arrangement is characterized as a collaborative arrangement within the scope of the pronouncement if:

1. The endeavor ...