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Please note: This item is from our archives and was published in 2002. It is provided for historical reference. The content may be out of date and links may no longer function.

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The Institute’s accounting standards staff releases a technical practice aid (TPA) ( www.aicpa.org/members/div/acctstd/general/tpa5.htm ) to clarify financial accounting and reporting issues relating to Statement of Position (SOP) 97-2, Software Revenue Recognition. The TPA uses a question-and-answer format to cover matters such as the commencement of an initial or renewal software license term and an arrangement containing an option to extend a time-based license indefinitely. The TPA is included in the publication, Technical Practice Aids, which is available from the AICPA order department at 888-777-7077.