The Financial Accounting Standards Board issued a proposed accounting standards update Tuesday to update the guidance on accounting for software, specifically when it comes to developing software for ...

Under Topic 985, the critical issue in determining whether external-use software development costs should be capitalized revolves around the term “technological feasibility.” Any software development ...

The proposed guidance, agreed to at the board's June 18 meeting, would remove all references to "stages" throughout the current literature, which requires companies to identify and differentiate ...