Editorial Reviews
Book Description
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.
The publisher, John Wiley & Sons
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.
Software Industry Accounting,Joseph M., Cpa Morris,Richard P., Cpa Graff,John Wiley & Sons Inc,0471559318,Accounting,Accounting - General,Accounting In Specific Industries,Business / Economics / Finance,Business/Economics,Computer Industry,Computer software industry,Standards,United States,Information technology industries
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