GASB 87 vs ASC 842

With all the buzz around the new lease standards, differentiating between GASB 87 and ASC 842 leases doesn’t always come easy. LeaseQuery Technical Accounting Manager, Justin Shemaria, highlights five notable differences between GASB 87 and ASC 842.

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Software Capitalization Rules under US GAAP and GASB

Software Capitalization Rules under US GAAP and GASB

1. Software Capitalization Rules under FASB and GASB 2. Types of software Purchased software Internally-developed software Software as a Service (SaaS) 3. SummarySoftware Capitalization Rules under FASB and GASB The capitalization of software development costs was a...

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