Software Industry Accounting - Hardcover

Morris, Joseph

9780471559313: Software Industry Accounting

Hardcover

ISBN 10: 0471559318 ISBN 13: 9780471559313

Publisher: Wiley, 1992

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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From the Publisher:

Contains hands-on, practical guidance on implementing the recently approved AICPA Statement of Position 91-1 and FASB Statement 86 which apply specifically to software companies. Written by those directly involved in drafting these pronouncements, it explains them in plain English and provides pertinent information on contractual arrangements and their affect on accounting, financial reporting and auditing. Actual examples, numerous tables and sample calculations facilitate understanding. Annual supplements will update changes in practices, accounting and auditing rules affecting the software industry.

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