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 ...

For example, the accounting treatment for R&D does not apply to costs associated with market research and testing, software development, or R&D activities undertaken by extractive industries (like ...

Lockstep CEO Peter Horadan. (Lockstep Photo) Lockstep, a Seattle startup using software and the cloud to improve accounting practices, has raised $10 million in a Series A funding round, the ...