FASB Statement 86

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Miscellaneous

 

Written by:

Edna S

 

Date added:

August 1, 2014

 

Level:

University

 

Grade:

B

 

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3 / 700

 

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5125 times

 

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The FASB creates and improves the standards of the reporting of financial accounting and to guide and educate the general public. When the FASB issues these standards they are considered to be the latest generally ac-cepted accounting principles, otherwise known as GAAP (2007). In 1985 the FASB is-sued accounting statement number 86...
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In 1985 the FASB is-sued accounting statement number 86. Statement number 86 is entitled, Accounting for the Costs of Computer Software to Be Sold, Leased, or Otherwise Marketed. The effective date for statement number 86 is the fiscal years that begin after December 15, 1985. Statement number 86 affects FAS 2, paragraph 31, and FIN 6, paragraphs 3, 6 and 8, su-persedes FIN 6, paragraphs 7 and 9 and supersedes FTB 79-2...
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