Guidance addresses software accounting for federal agencies

Changes in development bring changes in accounting.

New implementation guidance from the Accounting and Auditing Policy Committee of the Federal Accounting Standards Advisory Board (FASAB) is intended to help federal government reporting entities implement an accounting standard for internal-use software. It is contained in Statement of Federal Financial Accounting Technical Release 16, Implementation Guidance for Internal Use Software.

This guidance was developed for federal agencies implementing Statement of Federal Financial Accounting Standards (SFFAS) No. 10, Accounting for Internal Use Software, which was issued in 1998. Since then, terminology and techniques have evolved substantially along with technology; the implementation guidance is designed to help reporting entities apply the standard in the wake of changes in software development practices.

The technical release provides:

  • Definitions and guidance regarding recognition, measurement, and disclosure requirements.
  • Guidance related to new challenges brought by changes in internal-use software since the issuance of SFFAS No. 10.
  • Guidance on management's role in applying SFFAS No. 10.


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