FASB Discusses Projects on Accounting for Software Costs and Distinguishing Liabilities From Equity
FASB Discusses Projects on Accounting for Software Costs and Distinguishing
Liabilities From Equity
April 15, 2022
At its April 13, 2022, meeting, the FASB discussed its projects on the following topics:
Accounting for and disclosure of intangibles — software costs — The
Board discussed stakeholder feedback it received on software costs in
response to its June 2021 invitation to comment Agenda Consultation
(the “2021 ITC”). The Board made no technical decisions and directed its
staff to continue performing preagenda research.
Phase 2 of project on distinguishing liabilities from equity — The
Board discussed the feedback it received on its guidance on liabilities and
equity in response to the 2021 ITC and decided to remove the Phase 2 project
from its technical agenda.