Program Description: The objective of the course is to enable participants to comprehend the accounting for collaborative arrangements under ASC 808, with a focus on the determination of whether an arrangement is within the scope of the standard. This program utilizes practical examples and case studies from different industries to demonstrate the presentation and disclosure requirements for collaborative arrangements. It addresses the latest updates, implementation challenges, and disclosure requirements, ensuring participants can confidently apply ASC 808 – Collaborative Arrangements principles in their professional roles. The course also covers in-depth topics such as the distinction between collaborative arrangements and contracts with customers under ASC 606, the unit of account for collaborative arrangements, and the appropriate presentation of transactions in the income statement.
Course Coverage:
1. Overview of ASC 808
2. Scope and identification of collaborative arrangements
3. Interaction between ASC 808 and ASC 606
4. Presentation and disclosure requirements
Learning Objectives:
1. Recognize the principles that govern the identification and accounting for collaborative arrangements under ASC 808.
2. Distinguish between collaborative arrangements within the scope of ASC 808 and contracts with customers within the scope of ASC 606.
3. Apply the rules to determine the appropriate unit of account for a collaborative arrangement and the related presentation in the financial statements.
4. Understand how to account for and present transactions arising from collaborative arrangements, including the treatment of payments between participants.
5. Comprehend the criteria used to determine whether a collaborative arrangement participant is a customer and the conditions under which ASC 606 guidance applies.
Passing Score: 70%
Validity of the course: 1 year from date of enrolment
Available from: August 2025
Available Discount: Group discounts of 10% available for 5 or more participation
Last Updated: August 2025
Program Registration: To register for the program, please visit www.eyvirtualacademy.com and click on Add to Cart to register for the program.
Program Access: The participants will have access to the program for a period of 1 year starting from the date of enrolment.
Keywords: Collaborative Arrangements, Unit of Account, Participants, Revenue Recognition, ASC 606 Interaction, Income Statement Presentation, Gross vs. Net Reporting, Shared Risks and Benefits, Disclosure Requirements, Financial Statement Presentation, US GAAP, Accounting, Online Learning, CPA, CPE, Certification.
Special Notice:
• Ernst & Young Associates LLP-India is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
• CPE credits will be awarded upon successful completion of the content and passing the exam on securing 70% or above.
• Each Participant has the flexibility to take unlimited attempts to clear the assessment.
• Contact Ernst & Young Associates LLP-India (askeyexpert@in.ey.com) for assistance.
Complaint Policy: For any content related query, you may write to askeyexpert@in.ey.com. For any complaints you may connect with chandra.kargeti@in.ey.com. Escalation: neha.tuteja@in.ey.com
Refund Policy: We do not offer refunds once the participants have accessed any course materials. Course material includes videos, content, quizzes and assessments.
