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FASB Brings Clarity to Internal-Use Software Accounting
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Subscribe22 SEP 2025 / FASB REPORTING
The Financial Accounting Standards Board (FASB) has issued ASU 2025-06, a standard that modernizes accounting for a company's internal software development. The update provides clear guidance on what can be capitalized and what must be expensed, bringing greater clarity to accountants, auditors, and financial professionals, and providing investors with clearer insight into the value of technological investments.
For years, accountants have been stuck in a war over a deceptively simple question: when a company builds or customizes its own software, what counts as a capitalizable asset and what gets expensed? Think of it like trying to play Monopoly with missing ru...
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