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Deloitte comments on FASB's proposed targeted improvements to collaborative arrangements

Published on: Jun 12, 2018

Deloitte & Touche LLP comments on the FASB's proposed ASU Collaborative Arrangements (Topic 808): Targeted Improvements, which was issued in April 2018.

An excerpt from the comment letter is shown below:

We support the Board’s efforts to clarify the uncertainty that has resulted from the issuance of the new revenue standard (ASC 606) and its effects on the accounting for collaborative arrangements. We believe that the proposed guidance will generally serve to clarify the interaction between ASC 808 and ASC 606. However, we believe that certain additional clarifications would be helpful.

For more information, see the full text of the comment letter which is available below.

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