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Is the (accounting) SOP 97-2 in line with GAAP generally accepted accounting principles? if yes or no, why/how?


State of position 97-2 deals with software revenue recognition
SOP 97-2, Software Revenue Recognition , provides guidance on when revenue should be recognized and in what amounts for licensing, selling, leasing or otherwise marketing computer software. It should be applied by all entities that earn such revenue. It does not apply to revenue earned on products or services containing software that is incidental to the products or services as a whole.

538 day(s) ago

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MariaT 		If I had access to SOP 97-2, I would have made comparison with IAS 18 - Revenue recognition. If you like you may visit iasplus.com where you will find a comparison of US GAAP with IAS. This will surely help you.

Posted 538 days ago

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Question Title Is the (accounting) SOP 97-2 in line with GAAP generally accepted accounting principles? if yes or no, why/how?
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