# ASC 808-10-10: Collaborative Arrangements — Overall — 10 Objectives

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/808/10/#10-objectives)

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## ASC 808-10-10: 10 Objectives

[Read section](https://asc.understandingaccounting.org/asc/808/10/#10-objectives)

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##### [808-10-10-1](https://asc.understandingaccounting.org/asc/808/10/#808-10-10-1)

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The objective of this Topic is to define [collaborative arrangements](https://asc.understandingaccounting.org/glossary/c/#collaborative-arrangement "A contractual arrangement that involves a joint operating activity (see paragraph 808-10-15-7). These arrangements involve two (or more) parties that meet both of the following requirements: They are active participants in the activity (see paragraphs 808-10-15-8808-10-15-9). They are exposed to significant risks and rewards dependent on the commercial success of the activity (see paragraphs 808-10-15-10808-10-15-11808-10-15-12808-10-15-13).") and to establish reporting requirements for transactions between participants in a collaborative arrangement and between participants in the arrangement and third parties.