Accounting for Computer Software: the FASB Approach: Part of new technology, computer software development has outrun the accountants. Not for long, however, because the FASB is about to issue a new statement--and here's how it may work.

Abstract

Companies that produce and market computer software, either as a stand-alone product or as part of another product or process, could be affected if the Financial Accounting Standards Board's (FASB's) Exposure Draft, "Accounting for the Costs of Computer Software to Be Sold, Leased, or Otherwise Marketed" is issued as a final statement.