Updated FASB Guidance for Revenue Arrangements That Include Software Elements

Does your business sell a product that includes a software component that is essential to the product’s overall functionality? If so, the newly approved FASB Accounting Standards Update (ASU) (2009-14) provides guidance that will be applied prospectively for revenue arrangements entered into or materially modified for fiscal years beginning on or after June 15, 2010, and early adoption is permitted.

The FASB standards require that all hardware components of a tangible product containing software components be excluded from software revenue recognition guidance Continue reading »

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Updated FASB Guidance for Revenue Arrangements That Include Software Elements

Aronson Contributors

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