This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice ( for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

FASB staff proposes taxonomy implementation guide on revenue and taxonomy improvements related to its proposal on collaborative arrangements

  • FASB (US Financial Accounting Standards Board) (lt blue) Image

Apr 27, 2018

On April 27, 2018, the Financial Accounting Standards Board (FASB) staff issued a proposed financial reporting taxonomy implementation guide, “Revenue From Contracts With Customers (Including Remodeling of Revenue and Cost of Revenue Presentation in the Statement of Income),” and proposed taxonomy improvements related to the proposed Accounting Standards Update (ASU), “Collaborative Arrangements (Topic 808): Targeted Improvements.”

The proposed revenue implementation guide provides “examples to help users of the Taxonomy understand the modeling for revenue from contracts with customers under FASB Accounting Standards Codification Topic 606 and the remodeling of revenue and cost of revenue presentation in the statement of income.”

Comments on the proposed implementation guide are due by May 30, 2018.

Comments on the proposed taxonomy improvements to the proposed ASU on collaborative arrangements are due by June 18, 2018.

Review the guide on the FASB's website.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.