The Financial Accounting Standards Board posted an accounting standards update to improve the guidance on accounting for internal-use software costs. Processing Content The amendments in the update ...

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 ...

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 ...