tag:blogger.com,1999:blog-5940179721679645107.post2754425389615918193..comments2024-01-19T14:35:20.870+07:00Comments on Finance Accounting Auditing Blog: Computer Software Cost, Capitalized or Expensed ?Unknownnoreply@blogger.comBlogger6125tag:blogger.com,1999:blog-5940179721679645107.post-22562260271042643502018-07-22T21:39:08.740+07:002018-07-22T21:39:08.740+07:00I am sorry i have this problem too, in the end if ...I am sorry i have this problem too, in the end if software bought and developed in house for the operation to generate revenue, without the software business can’t goes on maybe for example Amazon website developed in house intergrated and link with in house accounting software, is it expenses or capital?Anonymoushttps://www.blogger.com/profile/14303788378071462174noreply@blogger.comtag:blogger.com,1999:blog-5940179721679645107.post-68602195409039360292014-06-05T23:25:02.950+07:002014-06-05T23:25:02.950+07:00Hi, thanks for this post. This is really good stuf...Hi, thanks for this post. This is really good stuff. I have a question. What if you develop a payroll system for internal use with two internal developers and two external developers. Can you recognize the costs of the external developers while the internal developers are expensed? CheersAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5940179721679645107.post-12550303876129155782013-10-31T04:12:22.676+07:002013-10-31T04:12:22.676+07:00I am seeking an IFRS guide software that facilitat...I am seeking an IFRS guide software that facilitates conversion from local GAAP to IFRS and or serve as an audit tool. If available, please contact krisope1@yahoo.comAnonymoushttps://www.blogger.com/profile/08697966172686111614noreply@blogger.comtag:blogger.com,1999:blog-5940179721679645107.post-77504048701542414932012-11-26T14:01:27.206+07:002012-11-26T14:01:27.206+07:00I'll prefer to post it as "Maintenance Co...I'll prefer to post it as "Maintenance Cost"hardihttps://www.blogger.com/profile/06399727654991150219noreply@blogger.comtag:blogger.com,1999:blog-5940179721679645107.post-51519710051732174392012-11-24T13:51:31.270+07:002012-11-24T13:51:31.270+07:00for no. 2 software internally developed for own us...for no. 2 software internally developed for own use but in our case there is third party who developed that for us. yes i will expense this but what type of expense? is it professional fees or maintenance cost?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5940179721679645107.post-61722737632701708552011-08-04T06:58:46.949+07:002011-08-04T06:58:46.949+07:00Hi, thanks for the post. I run a small software de...Hi, thanks for the post. I run a small software development company. Our largest asset is a software package (60% of our total assets) and that package generates 40% of our sales. IFRS for SMEs, section 18.14 states that ALL costs related to internally generated intangible assets (i.e. software development costs) should be registered as expenses. Application of section 18 of IFRS for SMEs would cause fatal losses, resulting in negative equity, and seriously distorting the financial image of our company. Can you see a solution? Or can you suggest another resource to find a solution? Thanks in advance.Anonymousnoreply@blogger.com