EITF Issue No. 08-1: Revenue Arrangements with Multiple Deliverables/EITF Issue No. 09-2: Research and Development Assets Acquired in an Asset Acquisition/EITF Issue No. 09-3: Applicability of AICPA Statement of Position 97-2 to Certain Arrangements That Include Software Elements

Abstract

In Issue 08-1, the EITF addresses how to determine the unit of accounting if an arrangement has multiple deliverables, as well as other issues encountered in practice that are related to the allocation and pattern of revenue recognition of multiple revenue streams for a single unit of accounting, which may consist of multiple deliverables that may be delivered over multiple accounting periods. The guidance in Issue 09-2 applies to all tangible and intangible research and development assets acquired individually or with a group of other assets in a transaction that is not a business combination. Issue 09-3 addresses the accounting for arrangements that include multiple elements that consist of software and hardware elements.