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Our publication summarizes the FASB’s proposed amendments to ASC 350-40, Intangibles –Goodwill and Other – Internal-Use Software, to modernize the accounting for and enhance the transparency of an entity’s cash flows related to internal-use software costs. The proposal would remove all references to project stages in ASC 350-40 and clarify the threshold applied to begin the capitalization of costs. Comments are due by 27 January 2025.