Instead of addressing these changes as part of its technical corrections and improvements project, the FASB issued the proposed ASU separately “to increase stakeholders’ awareness of the proposals and to expedite improvements to Update 2014-09.” The tech­ni­cal cor­rec­tions affect the following narrow aspects of the new revenue standard:

• Preproduction costs related to long-term supply arrangements.
• Contract costs — impairment testing.
• Contract costs — interaction of impairment testing with guidance in other topics.
• Provisions for losses on construction-type and production-type contracts.
• Scope of the new revenue standard.
• Disclosure of remaining performance obligations.
• A contract modification example.
• Fixed-odds wagering contracts in the casino industry.
• Cost capitalization for advisers to private and public funds.

Com­ments on the pro­posed ASU are due by 2 July 2016.

For more in­for­ma­tion, see the pro­posed ASU on the FASB’s website.