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ASU 2025-06: Changes to Accounting for Internal-Use Software

Sep 25, 2025 · 1 min read

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On September 18, 2025, the FASB issued Accounting Standards Update (ASU) 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software. ASU 2025-06 modernizes the accounting for internal-use software (the existing internal-use software guidance does not contemplate more current methods of software development). The amendments in ASU 2025-06 are limited and focused on the key challenge that entities face in applying FASB Accounting Standards Codification (FASB ASC) 350-40—applying that guidance to software that is

Download the CPEA Alert - September 2025 - ASU 2025-06

File name: CPEA Alert - September 2025 - ASU 2025-06 - Changes to Accounting for Internal-Use Software.pdf

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