ASC 350-40
FEATURED ARTICLES
All articles in this category pertain to ASC 350-40. This FASB standard provides guidance for internal-use computer software, including how to determine if the software was obtained for internal-use purposes. Software is declared internal-use software if it is obtained to be used only for an entity’s internal needs and no plans have been created to sell or market it externally.
Learn more about ASC 350-40 below.