A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
ASC 853 Service Concession Arrangements
Accounting Standards Codification (ASC) 853, Service Concession Arrangements, contains one subtopic: ASC 853‐10, Overall, which addresses the accounting for service concession arrangements between a public sector entity grantor and an operating entity where the operating entity operates the grantor's infrastructure. The operating entity also provide the construction, upgrading, or maintenance services of the grantor's infrastructure. A service concession arrangement within the scope of ASC 853 must meet the following conditions: the grantor controls or has the ability to modify or approve the services that the operating entity must provide with the infrastructure, to whom it must provide them, and at what price; and the grantor controls, through ownership, beneficial entitlement, or otherwise, any residual interest in the infrastructure at the end of the term of the arrangement. ASC 853 addresses a narrow issue and limits the scope of the guidance to arrangements in which the grantor is a public‐sector entity.
ASC 853 Service Concession Arrangements
Accounting Standards Codification (ASC) 853, Service Concession Arrangements, contains one subtopic: ASC 853‐10, Overall, which addresses the accounting for service concession arrangements between a public sector entity grantor and an operating entity where the operating entity operates the grantor's infrastructure. The operating entity also provide the construction, upgrading, or maintenance services of the grantor's infrastructure. A service concession arrangement within the scope of ASC 853 must meet the following conditions: the grantor controls or has the ability to modify or approve the services that the operating entity must provide with the infrastructure, to whom it must provide them, and at what price; and the grantor controls, through ownership, beneficial entitlement, or otherwise, any residual interest in the infrastructure at the end of the term of the arrangement. ASC 853 addresses a narrow issue and limits the scope of the guidance to arrangements in which the grantor is a public‐sector entity.
ASC 853 Service Concession Arrangements
Flood, Joanne M (author)
Wiley <fc>GAAP</fc> 2018 ; 1211-1212
2018-03-12
2 pages
Article/Chapter (Book)
Electronic Resource
English
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