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FASB finalizes rules on collaborative arrangements

Tammy Whitehouse | November 8, 2018

The Financial Accounting Standards Board continues to field and answer one-off questions on revenue recognition, most recently finalizing a clarification on collaborative arrangements and answering questions about franchise fees.

The FASB has finalized Accounting Standards Update No. 2018-18 to clarify how to account for certain collaborative arrangements in light of the new revenue recognition rules contained in Accounting Standards Codification Topic 606. The new guidance says certain transactions between parties to collaborative arrangements should be accounted for under ASC...

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