Last updated on November 18, 2019. Please refer to the Current Technical Plan for information about the expected release dates of exposure documents and final standards.
(Sections updated on the date above are indicated with an asterisk *)
Project Objective and Background
Objective:The objective of this project is to reduce diversity in the accounting for revenue recognition for contract modifications of licenses of intellectual property (IP).
Background:On May 8, 2019, the Board decided to add to the Emerging Issues Task Force (EITF) agenda a project on contract modification of licenses of IP. The scope of the project includes:
- Accounting for contract modifications where the contract term for existing rights is extended, while also adding rights
- Accounting for the revocation of licensing rights (including conversion of term software licenses to software as a service (SaaS) arrangements)
There are no active exposure documents at this time.
There are no media releases or educational materials at this time.
Media Releases and Educational Materials
Decisions Reached at Last Meeting (November 7, 2019):
At the November 7, 2019 EITF meeting, the Task Force was unable to reach a consensus-for-exposure on (a) the issue related to the accounting for contract modifications under which the contract term for existing rights is extended, while also adding rights, or (b) the issue related to the accounting for the revocation of licensing rights (including conversion of term software licenses to software as a service arrangements). Task Force members requested that the staff perform additional research, which will be discussed at a future EITF meeting.
The Board meeting minutes, handouts, and videos are provided for the information and convenience of constituents who want to follow the Board’s deliberations. All of the conclusions reported are tentative and may be changed at future Board meetings. Decisions become final only after a formal written ballot to issue a final standard.
Board Meeting Materials and Information*
The following are links to the minutes for each meeting. To view Board meetings and handouts from the past 90 days, click here.
|November 7, 2019*||EITF Meeting—The Task Force did not reach a consensus-for-exposure.|
|June 13, 2019||EITF Meeting—The staff held an education session with the EITF members.|
|May 8, 2019||Board Meeting—The Board added the project to the EITF agenda.|
The staff plans to discuss this Issue with the EITF at a future EITF meeting.
Senior Project Manager
Assistant Project Manager
Assistant Project Manager
Postgraduate Technical Assistant