Software Industry Accounting
The software industry is being inundated with important accounting and valuation questions. 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. This book emphasizes accounting and financial reporting, and discusses taxation, law, and general industry subjects.
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Chapter 2 The AICPA Task Force on Accounting for the Development and Sale of Computer Software
Chapter 3 The Securities and Exchange Commission
Chapter 4 Software Revenue Recognition
Chapter 5 Contracts for Software Combined with Hardware or Services or Both
Chapter 6 Capitalization Amortization and Net Realizable Value Testing of Software Costs
Chapter 7 Auditing Financial Statements of Software Companies
Chapter 8 Accounting for Research and Development Arrangements
Chapter 9 Taxation of Computer Software Companies
Chapter 10 Legal Aspects of Software
Chapter 11 Software Industry Associations
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accepted accounting principles additional Agreement AICPA allocated amortization amount application assets Association audit Audit Risk auditor channel stuffing client company’s computer software considered contract accounting criteria customer’s delivered delivery detail program design development arrangement disclosure discount documentation EITF Issue end user enhancements entity entity’s Escrow evaluation exchange existing Exposure Draft fair value FASB Statement files financial statements fixed or determinable functionality guidance hardware income internal Internet ment net realizable value obligation paragraph parties payment terms PCS arrangement performance period postcontract customer support PricewaterhouseCoopers purchase recognized reporting research and development reseller result right of return risk SEC staff significant software companies software development costs software development process software industry software license Software License Agreement software product Software Revenue Recognition software vendor specific Task Force technological feasibility tion transactions undelivered elements upgrade right VSOE
Page 11-2 - The Americans make associations to give entertainments, to found seminaries, to build inns, to construct churches, to diffuse books, to send missionaries to the antipodes; in this manner they found hospitals, prisons, and schools. If it is proposed to inculcate some truth or to foster some feeling by the encouragement of a great example, they form a society.
Page 6-3 - Development is the translation of research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or use.
Page 10-59 - Any controversy or claim arising out of or relating to this contract, or the breach thereof, shall be settled by arbitration in accordance with the Commercial Arbitration Rules of the American Arbitration Association, and judgment upon the award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof.
Page 11-2 - Americans of all ages, all conditions, and all dispositions constantly form associations.
Page 11-2 - They have not only commercial and manufacturing companies, in which all take part, but associations of a thousand other kinds, religious, moral, serious, futile, general or restricted, enormous or diminutive. The Americans make associations to give entertainments, to found seminaries, to build inns, to construct churches, to diffuse books, to send missionaries to the antipodes; in this manner they found hospitals, prisons, and schools.
Page 11-1 - A trade association may be defined as a nonprofit, cooperative, voluntarily-joined organization of business competitors, designed to assist its members and its industry in dealing with mutual business problems in several of the following areas: accounting practices, business ethics, commercial and industrial research, standardization, statistics, trade promotion, and relations with Government, employees, and the general public.
Page 8-3 - Research is planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service ... or a new process or technique ... or in bringing about a significant improvement to an existing product or process.
Page 3-43 - ... make and keep books, records, and accounts, which, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the issuer...
Page 3-37 - Solely for the purpose of these proceedings and any other proceedings brought by or on behalf of the Commission, or to which the Commission is a party, and without admitting or denying the findings...