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Software Revenue Recognition
Beginning of article
THE RIGHTS TRANSFERRED UNDER SOFTWARE LICENSES are substantially the same as those transferred in sales of other kinds of products.
The Accounting Standards Executive Committee (AcSEC) issued SOP 97-2, Software Revenue Recognition, to provide guidance on when revenue on software arrangements (such as licensing, selling, leasing, or otherwise marketing computer software) should be recognized and in what amounts. The arrangements covered range from those providing a license for a single software product to those that, in addition to the delivery of software or a software system, require significant production, modification, or customization. The SOP notes that the rights …
