ASU 2018-18 — Collaborative Arrangements (Topic 808)—Clarifying the Interaction between Topic 808 and Topic 606

The amendments in this Update clarify the interaction between Topic 808 and Topic 606 by (1) clarifying that certain transactions between collaborative arrangement participants should be accounted for under Topic 606, (2) adding unit-of-account guidance in Topic 808 to align with the guidance in Topic 606, and (3) clarifying presentation guidance for transactions with a collaborative arrangement participant that are not accounted for under Topic 606.

This Accounting Standards Update is the final version of Proposed Accounting Standards Update 2018-240—Collaborative Arrangements (Topic 808): Targeted Improvements, which has been deleted.

Issued: November 5, 2018