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FASB's new software cost guidance
In this episode, we explore the FASB’s new software cost guidance and its impact on accounting for internal‑use software—what’s in scope, how to evaluate the revised capitalization criteria, the effective date and transition, and other key changes. We also take a deeper dive into AI‑related software development.
In this episode, we discuss:
0:00 – Background and scope on the FASB’s new ASU on internal-use software costs
11:10 – Capitalization criteria, including “significant development uncertainty”
20:38 – Examples of evaluating “significant development uncertainty”
30:50 – Other insights…
The skinny
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