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Stakeholders indicated that there is diversity in practice in how an operating entity determines the customer of the operation services for transactions within the scope of Topic 853, Service Concession Arrangements.
A service concession arrangement is one between a public-sector entity grantor and an operating entity whereby the operating entity will operate and sometimes maintain the grantor’s infrastructure (for example, airports, roads, bridges, tunnels, prisons, and hospitals) for a specified period of time. The amendments in this Update clarify that the grantor, rather than a third-party, is the customer of the operation services in all cases for service concession arrangements within the scope of Topic 853.
This Update is the final version of Proposed Accounting Standards Update EITF–16C—Service Concession Arrangements (Topic 853): Determining the Customer of the Operation Services, which has been deleted.
Issued: May 16, 2017

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