Project Update

EITF Issue No. 18-A: Recognition under Topic 805 for an Assumed Liability in a Revenue Contract

Last updated on August 6, 2019.  This issue has been removed from the EITF agenda and subsumed into the Board’s research project, Recognition and Measurement of Revenue Contracts with Customers under Topic 805

(Sections updated on the date above are indicated with an asterisk *)

The staff has prepared this summary for information purposes only. Any Board decisions are tentative and do not change current accounting. Official positions of the FASB are determined only after extensive due process and deliberations.