Board members agreed with the staff’s objectives to (1) modernize the accounting guidance applicable to internal- and external-use software costs and (2) enhance the transparency of entities’ accounting for those costs. Many Board members expressed skepticism about the current distinction drawn between internal- and external-use software; some Board members also expressed that entities should not get vastly different accounting outcomes based solely on whether they ‘build’ (i.e. develop) or ‘buy’ (e.g. license or purchase) the software.
Project direction indications