The Financial Accounting Standards Board (FASB) established Accounting Standards Codification (ASC) 985-20 to provide guidance on accounting for the costs of computer software developed or obtained for internal use. Companies that develop or purchase software must ensure their financial reporting adheres to ASC 985-20 to maintain compliance and transparency. This article explores how accounting software can help businesses streamline their software cost accounting processes and remain compliant with ASC 985-20.
The film industry presents unique accounting challenges and opportunities that require specialized guidance. Accounting Standards Codification (ASC) 926-10, Film, provides the framework for financial reporting in the film sector in the United States. Compliance with ASC 926-10 is essential for accurate financial reporting and maintaining investor confidence. This article explores how modern tools can help businesses in the film industry navigate the complexities of ASC 926-10 compliance, allowing for a more efficient financial reporting process and reducing the risk of non-compliance.
U.S. steamship entities are subject to specific accounting and financial reporting requirements under the Financial Accounting Standards Board (FASB)'s Accounting Standards Codification (ASC) 995-10. This standard provides guidance tailored to the unique needs of steamship companies, ensuring transparency and consistency in financial reporting. This article will explore how modern accounting tools can help U.S. steamship entities meet their compliance obligations under ASC 995-10 and streamline their financial processes.
The casino industry is a specialized sector that presents unique accounting challenges and opportunities. Accounting Standards Codification (ASC) 924-10, Casino, provides the framework for financial reporting in the casino sector in the United States. Compliance with ASC 924-10 is essential for accurate financial reporting and maintaining investor confidence. This article explores how advanced accounting solutions can help businesses in the casino industry navigate the complexities of ASC 924-10 compliance, allowing for a more efficient financial reporting process and reducing the risk of non-compliance.
In the increasingly complex world of accounting compliance, the Financial Accounting Standards Board (FASB) has established Accounting Standards Codification (ASC) 980-10 to streamline the accounting and financial reporting requirements for regulated operations. The standard primarily affects the utilities and telecommunications industries, which are subject to extensive regulations. This article explores how advanced solutions can be leveraged to ease the compliance burden, increase efficiency, and maintain transparency in these heavily regulated sectors.