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In assessing how software development costs should be accounted for, entities must determine whether there is a substantive plan to market the software externally or whether one will be created during the software’s development period.
This Roadmap provides an overview of the most significant differences between U.S. GAAP and IFRS® Accounting Standards — two of the most widely used accounting standards in the world.
In assessing how software development costs should be accounted for, entities must determine whether there is a substantive plan to market the software externally or whether one will be created during the software’s development period.
Accordingly, professionals need to be mindful of the differences between U.S. GAAP and IFRS Accounting Standards when preparing, aggregating, consolidating, comparing, or interpreting financial information that involves both sets of accounting standards.
15 gru 2021 · Accounting for software costs has traditionally lagged behind technological developments. A recent IFRIC agenda decision on cloud computing costs gave an answer at odds with the perception of many financial statement preparers.
Read the 2024 edition of “On the Radar — Comparing IFRS Accounting Standards and U.S. GAAP: Bridging the Differences,” a high-level summary of key issues and developments related to this topic.
1 paź 2024 · This Roadmap provides an overview of the most significant differences between U.S. GAAP and IFRS® Accounting Standards — two of the most widely used accounting standards in the world.
