The following information has been prepared to provide guidance for tracking project activity and making the determination about which costs should be “capitalized” or “expensed”. Reference the ...

The following information has been prepared to provide guidance for tracking project activity and making the determination about which costs should be “capitalized” or “expensed”. Reference the ...

FASB has amended its guidance on accounting for internal-use software costs. The amendments in the Accounting Standards Update (ASU) will apply to all entities subject to Subtopic 350-40, Intangibles ...

FASB published a proposed Accounting Standards Update (ASU) that features new guidance on how companies should account for internal-use software. Proposed amendments to Subtopic 350-40, Intangibles — ...

Many companies have launched their own internal software companies tasked with developing new products for the market. While an excellent idea, there are significant risks and pitfalls for what is ...

Accountants usually classify computer software as a long-term asset that falls under fixed assets like buildings and land. However, there are circumstances in which software can be treated as property ...