DTTL and each of its member firms are legally separate and independent entities. 350-40-35 Subsequent Measurement — Deloitte Q&As . -4 Training costs are not internal-use software … Deloitte Accounting Research Tool. Log in Subscribe. Business Combinations Business Combinations — SEC Reporting Considerations Carve-Out Transactions Comparing IFRS Standards and U.S. GAAP Consolidation — Identifying a Controlling … During the software’s development or modification, no substantive plan exists or is being developed to market the software … Accounting Auditing Publications News Help. -3 Costs to develop or obtain software that allows for access to or conversion of old data by new systems shall also be capitalized. Log in / Subscribe . Deloitte Q&As . The guidance for accounting for internal-use software in the FASB’s Accounting Standards Codification (ASC) 350-40, Accounting for Internal-Use Software, outlines how companies should capitalize or expense internal-use software… Quick Links . US Standards ... 40 Internal-Use Software . During the development or modification, no substantive plan exists or is being developed to market the software externally; Incurred internal-use software … Internal use software is software that is acquired or internally developed to meet an entity’s internal needs. The FASAB’s Technical Release (TR) 16, Accounting for Internal Use Software (IUS), provides federal agencies with implementation guidance on how to apply existing standards, including Statement of Federal Financial Accounting Standards (SFFAS) 10, to existing and new types of software … For accountability and accounting purposes, software … Software that has been acquired, internally developed, or modified exclusively to meet the entity’s internal needs; AND. Software is a subset of General Property, Plant, and Equipment that due to its nature as intangible personal property has its own set of accountability and financial reporting requirements. For example, if the entity has a past practice or pattern of both using software internally and selling that same software externally (or deciding to market internal-use software externally during development), a rebuttable presumption is created that any software … Menu . DTTL (also referred to as "Deloitte … Internal Use Software (IUS) Accountability IUS Definition. These internal needs include, but are not limited to, software that is only used … Business Combinations Business Combinations — SEC Reporting Considerations Carve-Out Transactions Comparing IFRS Standards and U.S. GAAP Consolidation — Identifying a … Clear Search . Account. Internal-Use Computer Software Marketed — 350 … Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. Internal-use software has both of the following characteristics: The software is acquired, internally developed, or modified solely to meet the entity’s internal needs.