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Accounting for software at federal agencies addressed in proposal

by Ken Tysiac | Oct 14, 2015   ()

A recent proposal is designed to address challenges that federal government agencies have experienced in accounting for internal-use software.

Software development techniques have changed dramatically since the issuance in 1998 of Statement of Federal Financial Accounting Standards (SFFAS) 10, Accounting for Internal Use Software, by the Federal Accounting Standards Advisory Board (FASAB).

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Source: Journal of Accountancy

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