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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.
