November 2023
Intermediate to advanced
1360 pages
48h 5m
English
Content preview from Wiley GAAP 2024
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48ASC 808 COLLABORATIVE ARRANGEMENTS
PERSPECTIVE AND ISSUES
Overview
A collaborative arrangement (sometimes referred to in practice as “line-item” joint ventures or “virtual” joint ventures) is a contractual agreement between two or more parties (participants) to jointly conduct business activities for their mutual benefit without the formation of a separate entity in which to conduct the activities.
Determining the proper accounting treatment for the various activities included in these endeavors is the subject of ASC 808, Collaborative Arrangements.
Subtopic
ASC 808-10, Collaborative Arrangements, contains one subtopic:
- ASC 808-10, Overall, which defines collaborative arrangements and gives reporting requirements between participants and third parties.
Scope
Transactions and Events ASC 808-10 applies to all collaborative arrangements, except for those addressed in other topics. (ASC 808-10-15-2 and 15-3)
A collaborative arrangement is an arrangement that is not primarily conducted through a separate legal entity created for ...
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