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Technical Line - A closer look at the FASB’s amended guidance on accounting for internal-use software costs


Overview

Our publication summarizes the FASB’s amended guidance in ASC 350-40, Intangibles – Goodwill and Other – Internal-Use Software, clarifying and modernizing the accounting for costs related to internal-use software. The guidance is effective for all entities for fiscal years beginning after 15 December 2027, and interim periods within those fiscal years. Early adoption is permitted.

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