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FAR and CAS do not specifically address write-offs other than inventory ad-justments The non-authoritative Concepts Statements are intended to serve the public interest by setting the objectives, qualitative characteristics, and other concepts that guide selection of economic phenomena to be recognized and measured for financial reporting and their display in financial statements or related — Research and Development Arrangements — Contractors—Federal Government — Software — Income Taxes— Overall— Intraperiod Tax Allocation— Other Considerations or Special Areas — Interim Reporting — Investments—Equity Method and Joint Ventures — Compensation—Stock ASC states that the “incremental costs of obtaining a contract are those costs that an entity incurs to obtain a contract with a customer that it would not have incurred if the contract had not been obtained (for example, a sales commission).” Application of this guidance requires an entity to identify<iframe src • ASCrequires the amount by which the unamortized capitalized amount ex-ceeds the net realizable value to be written off in the period the test is performed (at least annually). Using Q&As and examples, this comprehensive handbook explains in detail the accounting for costs of internal and external-use software, cloud computing arrangements, and Our Viewpoint, Accounting for software costs, unravels the FASB’s guidance on accounting for software costs in ASC, Internal-Use Software, ASC, Software – Costs ASC addresses the capitalization of software development costs, providing guidelines for when and how software costs should be capitalized as part of the cost of a As a result of this targeted improvement approach, the Board is not revising the cost guidance for software licenses that are in the scope of ASC The tentative ASC ‑20‑25‑2 through ASC ‑20‑25‑5 discusses the types of costs that should be capitalized once technological feasibility is established, including costs related to coding ,  · Multiple-Element Arrangements, and ASC, Software — Revenue Recognition, provide good starting points for accounting for intellectual property arrangements with continuing performance obligations. Guidance on multiple-element arrangements ASC governs all arrangements that obligate a vendor to provide •Faithful representation Enhancing qualitative characteristics include: Comparability Verifiability Timeliness Understandability For more information about the Agile Alliance Agile Accounting Program, please contact: agileaccountingstandards@ Non-Authoritative Concept Statements.