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Computer software industry -- Accounting -- Standards -- United States; Computer software industry -- Licenses -- United States -- Accounting; Revenue -- United States
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Software Revenue Recognition; Statement Of Position 91-1;, American Institute Of Certified Public Accountants. Task Force On Accounting For The Development And Sale Of Computer Software
Software Revenue Recognition; Statement Of Position 91-1;, American Institute Of Certified Public Accountants. Task Force On Accounting For The Development And Sale Of Computer Software
Exposure Drafts, Comment Letters, and Statements of Position
No abstract provided.
Proposed Statement Of Position : Software Revenue Recognition;Software Revenue Recognition; Exposure Draft (American Institute Of Certified Public Accountants), 1991, Jan. 16, American Institute Of Certified Public Accountants. Task Force On Accounting For The Development And Sale Of Computer Software
Proposed Statement Of Position : Software Revenue Recognition;Software Revenue Recognition; Exposure Draft (American Institute Of Certified Public Accountants), 1991, Jan. 16, American Institute Of Certified Public Accountants. Task Force On Accounting For The Development And Sale Of Computer Software
Exposure Drafts, Comment Letters, and Statements of Position
This proposed statement of position (SOP) provides guidance on applying generally accepted accounting principles in recognizing revenue on software transactions. The basic principle is that revenue is recognized on delivery of software; some exceptions are discussed. The proposed SOP also discusses accounting for related services, accounting for transactions involving software that are primarily service transactions, the application of contract accounting to software transactions, and accounting for postcontract customer support. Briefly, the proposed SOP recommends the following: 1. Software licenses with no other vendor obligations—If collectibility is probable and the vendor has no obligations remaining under the sales or licensing agreement …