Handbook: Software and website costs
Handbooks | August 2021
KPMG in-depth guide to accounting for software and website costs under ASC 350-40, ASC 350-50 and ASC 985-20.
Using Q&As and examples, this new guide explains in detail the accounting for costs of internal- and external-use software, cloud computing arrangements, and website development.
Applicability
- ASC 350-40, ASC 350-50, ASC 985-20
- All entities
Relevant dates
- Effective immediately
Key impacts
A single roadmap to accounting for software and website costs – helping you to compare and contrast the different models, including:
- Internal-use software and cloud computing arrangement costs under ASC 350-40
- Website development costs under ASC 350-50
- External-use software costs under ASC 985-20
Report contents
- Executive summary
- Scope
- Initial recognition and measurement: Internal-use software and cloud computing implementation costs
- Initial recognition and measurement: Website development costs
- Initial recognition and measurement: Software to be sold, leased or marketed
- Subsequent measurement
- Presentation
- Disclosure
- ASU 2018-15 effective dates and transition
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Software and website costs
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