FASB's new software cost guidance

In this episode, we explore the FASB’s new software cost guidance and its impact on accounting for internal‑use software—what’s in scope, how to evaluate the revised capitalization criteria, the effective date and transition, and other key changes. We also take a deeper dive into AI‑related software development. In this episode, we discuss: 0:00 – Background and scope on the FASB’s new ASU on internal-use software costs11:10 – Capitalization criteria, including “significant development uncert...