FASB ASU 2025-06 - Internal-Use Software (Subtopic 350-40)
Recognition (350-40-25 as amended) – FASB ASU 2025-06 - Internal-Use Software (Subtopic 350-40)

FASB ASU 2025-06 - Internal-Use Software (Subtopic 350-40) 25-17: Licensed internal-use software is an intangible asset with a liability for unpaid fees

What does 25-17 require?

A software licence within the scope of the Subtopic is treated by the licensee as acquiring an intangible asset and, for any licence fees still unpaid at the acquisition date, incurring a liability; recognition follows 350-30-25-1 and measurement 350-30-30-1.

Maintained by Gerard Blokdyk

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