Pwc's Cfodirect Podcast

Every Tuesday in June, Angela Fergason is taking over the podcast to share the latest in her areas of specialty — including recent trends in revenue, how to consider whether your company is a principal or agent when recognizing revenue, software costs, and restructurings.To continue the series, Heather Horn and Angela are joined by Mike Coleman to share insights on accounting for software costs and provide an update on the FASB’s project on software costs.In this episode, you’ll hear:1:38 - Considerations when accounting for software costs across industries, including the impact of digital transformations and the possible impact of new FASB standards in progress6:17 - An overview of current guidance, including the two accounting models for software (externally marketed software and internal use software)10:13 - Accounting considerations from the perspective of the software vendor14:51 - Accounting considerations from the perspective of the software buyer17:03 - An update on the FASB’s project to modernize acc