Читать книгу Annual Accounting and Auditing Workshop - Kurt Oestriecher - Страница 32

This update is a clarification of the scope of FASB ASC 610-20, Other Income and to add guidance for partial sales of nonfinancial assets, FASB ASC 610-20, issued as part of FASB ASU No. 2014-09, Revenue from Contracts with Customers) (Topic 606).

When issued, FASB ASU No. 2014-09 addressed not only revenue from customers, but also provided guidance for recognizing a gain or loss from the transfer of nonfinancial assets in contracts with noncustomers. Stakeholders were uncertain about what types of transactions should be within the scope of FASB ASC 610-20 because the term in substance nonfinancial asset was not defined. Stakeholders also noted that other aspects of the scope of FASB ASC 610-20 were confusing and complex. For example, stakeholders were unclear about why a transfer of a nonfinancial asset to another entity in exchange for a noncontrolling interest in that entity was excluded from the scope of FASB ASC 610-20 (and, instead, was within the scope of FASB ASC 845, Nonmonetary Transactions), while a transfer of a nonfinancial asset for any other form of noncash consideration was within the scope of FASB ASC 610-20.

In addition, stakeholders also indicated that they were uncertain about how an entity should account for partial sales of nonfinancial assets once the amendments in FASB ASU No. 2014-09 become effective.