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FASB proposes amendments to guidance on service concession arrangements

  • FASB document Image

Nov 04, 2016

The FASB has issued a proposed ASU, “Determining the Customer of the Operation Services,” in response to an EITF consensus-for-exposure.

The pro­posed ASU “would clarify that the grantor (government), rather than the third-party [users], is the customer of the operation services in all cases for service concession arrangements within the scope of Topic 853.” In addition, the proposal would eliminate diversity in practice related to the “customer determination for the operation services” and would “enable more consistent application of other aspects of the revenue guidance” associated with this determination.

Com­ments on the pro­posed ASU are due by January 6, 2017. For more in­for­ma­tion, see Deloitte’s September 2016 EITF Snapshot as well as the pro­posed ASU on the FASB’s Web site.

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