Revenue Arrangements with Multiple Deliverables

The Financial Accounting Standards Board (FASB) altered and updated the rules surrounding revenue recognition for multiple-element arrangements1, as a result of the final consensus reached on EITF Issue No. 08-1, “Revenue Arrangements with Multiple Deliverables.”2 For purposes of this white paper, we’ll refer to the new rules as EITF 08-1.

EITF 08-1 supersedes the existing guidance on such arrangements and is effective for fiscal periods beginning on or after June 15, 2010. The changes made in this accounting standard update have wide ranging ramifications for a multitude of companies in various industries, and companies should give it fair consideration prior to adoption in order to avoid any unwelcome post-adoption conflicts. FASB also revised the guidance surrounding what constitutes a software arrangement, which will be discussed later in this white paper.

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Revenue Arrangements with Multiple Deliverables

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