Handbook: Service concession arrangements

KPMG’s guide explains the accounting for service concession arrangements under ASC 853 and ASC 606. We provide detailed Q&As, interpretive guidance and examples for common practice issues.

Applicability

ASC 853 and ASC 606                 

• Operators in service concession arrangements

Relevant dates

• Effective immediately

Report contents

• Scope
• Step 1: Identify the contract with the customer
• Step 2: Identify the performance obligations
• Step 3: Determine the transaction price
• Step 4: Allocate the transaction price
• Step 5: Recognize revenue
• Long-lived assets
• Presentation and disclosure