Scope of this reference
Inspect the standard and the scope used in the teaching material. The verification date describes the stored review.
- Authority
- Financial Accounting Standards Board
- Standard
- ASC Subtopic 985-20
- Version
- Codification content as verified 2026-08-08
- Where it applies
- United States GAAP
- Entities covered
- Entities applying US GAAP to software intended for sale, lease, or other marketing
- Last source check recorded
- Aug 8, 2026
- Status recorded at review
- current
- Effective from
- Not specified in this record
Inspect the source: FASB Accounting Standards Codification Topic 985, Software
Check the applicable effective dates and later amendments in the source before applying this reference.
Concepts using this reference (2)
Instructional scope
This record supports the cost window between an evidence-supported technological-feasibility date and availability for sale. It keeps pre- feasibility R&D, capitalizable production, post-availability production, and customer-maintenance activities in separate dated lanes.
Limitations
The curriculum stipulates, rather than infers, technological feasibility. Software for internal use, unresolved cloud delivery, revenue recognition, product valuation, and impairment require other guidance and facts.