AcSEC tackles accounting for internal-use software

✍ Scribed by Paul Munter

• Publisher: John Wiley and Sons
• Year: 1997
• Tongue: English
• Weight: 380 KB
• Volume: 9
• Category: Article
• ISSN: 1044-8136
• DOI: 10.1002/jcaf.3970090105

✦ Synopsis

AcSEC is working on an SOP to establish standards for determining i f investments in software can be capitalized. The author explains the key issues-und their implications for CFOs right now.

n the current economic climate, for businesses to remain competitive it is essential that technology be part of their strategic investments. As such, companies today are spending significant sums to develop and implement software. These software products go beyond the traditional applications such as general ledger and payroll packages. Indeed, software is an integral part of the manufacturing and distribution activities of many companies.