Statements of Position

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Description

This proposed Statement of Position (SOP) defers for one year the application of paragraph 10 of SOP 97-2, Software Revenue Recognition, with respect to what constitutes vendor-specific objective evidence of the fair value of the delivered software element in certain multiple-element arrangements that include service elements and that are entered into by entities that never sell the software element separately. All other provisions of SOP 97-2 remain in effect even for the kinds of transactions described in this SOP.

Publication Date

1998

Relational Format

Book

Keywords

Computer software industry -- Accounting -- Standards -- United States; Revenue -- Accounting -- Standards -- United States

Disciplines

Accounting | Taxation

Comments

Originally published by: American Institute of Certified Public Accountants; Copyright and permission to reprint held by: American Institute of Certified Public Accountants.

Proposed statement of position : Deferral of the effective date of certain provisions of SOP 97-2, Software revenue recognition, for certain transactions ;Deferral of the effective date of certain provisions of SOP 97-2, Software revenue recognition, for certain transactions; Exposure draft (American Institute of Certified Public Accountants), 1998, Feb. 11

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