Software Industry Accounting - Hardcover

Morris, Joseph

9780471559313: Software Industry Accounting

Hardcover

ISBN 10: 0471559318 ISBN 13: 9780471559313

Publisher: John Wiley & Sons, 1993

The rules and regulations governing accounting of the software industry are very different from other industries. The software industry has unique accounting concerns, such as capitalization of development costs and software revenue recognition. Detailed implementation guidance is provided for all rules and regulations. This special report covers the recently released AICPA Statement of Position 97–2, Software Revenue Recognition. This statement was developed to address the shortcomings of SOP 91–1 and establishes an overall framework from which constituents must develop more specific revenue recognition practices. SOP 97–2 addresses the accounting for revenue earned from licensing, selling, and otherwise marketing of software.

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Synopsis:

This handbook addresses the unique concerns of accountants dealing with the software industry. It provides guidelines on two major topics: the capitalization of development costs and software revenue recognition. It also covers contractual arrangements, financial reporting and auditing.

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