EITF Issue No. 08-9: Milestone Method of Revenue Recognition/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/EITF Issue No. 09-4: Seller Accounting for Contingent Consideration

Abstract

The guidance in Issue 08-9 may be applied to all written, oral, or implied contractual revenue agreements, which will be referred to as "arrangements" in Issue 08-9, under which: 1. a vendor's obligations to a customer are satisfied over a period of time; and 2. all or a portion of the consideration under the arrangement is contingent on the achievement of one or more milestones. Issue 09-3 addresses the accounting for arrangements that include multiple elements that consist of software and hardware elements. Issue 09-3 addresses the accounting for arrangements that include multiple elements that consist of software and hardware elements. The EITF agreed to limit the scope of Issue 09-4 to contingent consideration arrangements under the scope of SFAS-160.

The EITF will discuss Issue 09-4 again at a future meeting.