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Computer Engineering Commons

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University of Redlands

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Full-Text Articles in Computer Engineering

Understanding The Evolution Of Accounting For Software: Implications For An Ifrs World, Elizabeth Figeroid Jan 2011

Understanding The Evolution Of Accounting For Software: Implications For An Ifrs World, Elizabeth Figeroid

Undergraduate Honors Theses

Software is a relatively new, fast-growing, and ever more integrated part of the US and global economy. Where 20 years ago, software was often a standalone product (e.g. Microsoft Windows), in today's world software is a key and indivisible part of thousands of products that are sold every day, like Apple's iPhone and iPad.

The accounting guidance for software revenue recognition in the United States is a relatively new and fast-growing body of literature. Each iteration of software rulemaking has become more precise, diminishing the ability of corporate managements to interpret the literature in diverse ways. For ...