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EITF discusses three Issues at June meeting

  • EITF meeting Image

Jun 08, 2018

At its meeting yesterday, the EITF discussed cloud computing arrangements, assumed liabilities in revenue contracts, and accounting for episodic television series.

Specif­i­cally, the EITF dis­cussed the fol­low­ing Issues:

  • Issue No. 17-A, “Customer’s Accounting for Implementation, Setup, and Other Upfront Costs (Implementation Costs) Incurred in a Cloud Computing Arrangement That Is Considered a Service Contract.”
  • Issue No. 18-A, “Recognition Under Topic 805 for an Assumed Liability in a Revenue Contract.”
  • Issue No. 18-B, “Improvements to Accounting for Episodic Television Series.”

For a de­tailed summary of the meeting, see De­loitte’s June EITF Snap­shot.

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