ASC 350-40: What to do with significant post-"Go Live" expenses?
2015年10月29日 · The sentence in ASC 350-40-35-1 about "Costs of developing or modifying internal-use computer software significantly exceed the amount originally expected to develop or modify the software" it particularly worrisome.
Please weigh in on this web-based info provider software …
2014年12月3日 · We went through a similar analysis this year of accounting treatment for a product we just launched. You'd have to double check the guidance to apply to the specifics of your product but I think this product would qualify as Software as a Service (SaaS), which is capitalized under ASC 350-40 (formerly SOP 98-1) Software for Internal Use (as opposed to …
Capitalize or Expense SaaS implementation costs? - Proformative
Also under ASC 350-40-25-16 it states that "Entities often license internal use software from a third-parties. Though subtopic 840-10 excludes licensing agreements from its scope entities shall analogize to the Subtopic when determining the asset acquired in a …
Capitalizing software development? - Proformative
2015年10月29日 · A company should capitalize those costs that meet the criteria of ASC 985-20 for capitalization (or ASC 350-40 for internal use software). However, in certain situations in which technological feasibility is established by completing a working model, substantially all development costs could be expensed when costs qualifying for capitalization ...
What’s the correct depreciable life for perpetual ... - Proformative
2015年10月29日 · I assume that the useful life of the software, and any related capitalizable implementation costs, has been established based on how long the company expects to use the software, taking into account all of the factors listed at 350-40-35-5.
Capitalized Software Implementation Costs - from the seller's side
2013年7月23日 · ASC 350-40: Internal-Use Software--> AICPA SOP 98-1--> "Accounting for the Costs of Computer Software Developed or Obtained for Internal Use" ASC 985-20: Costs of Software to Be Sold, Leased, or Marketed--> SFAS 86, August 1985--> "Accounting for the Costs of Computer Software to Be Sold, Leased, or Otherwise Marketed"
Can I capitalize Patent and R & D costs in an LLC - Proformative
2014年5月12日 · US GAAP (ASC 350-40-25) is quite explicit: “-1 Internal and external costs incurred during the preliminary project stage shall be expensed as they are incurred. -2 Internal and external costs incurred to develop internal-use computer software during the application development stage shall be capitalized. -3 Costs to develop or obtain software ...
Capitalizing SaaS related work | Proformative
2015年3月25日 · a) Apply the guidance under ASC 340-10 for pre-paid expenses/ other assets (i.e. you might be able to defer) b) Capitalize based on internally-developed software guidance (ASC 350-40) c) ASC 350-30 - General intangible asset accounting (other than goodwill)
Accounting for IT labor cost for Implementation of New ERP System
We are currently tracking IT labor cost directly associated with the implementation in order to capitalize those cost at the conclusion of the project (in accordance with ASC 350-40-30). My question is, is it required that we capitalize these cost, or can we choose to write them off to expense as incurred.
Can we capitalize software license fees payable over time if …
Therefore, a software license within the scope of 350-40 gives rise to an asset consistent with the recognition of assets under ASC 350-30, General Intangibles Other Than Goodwill. ASC 350-30-30-1 states that such an asset should be initially measured based on the guidance included in 805-50-15-3 and 805-50-30-1 through 30-4.