Take, for example, the corporate world’s experience with SOP 98-1, Accounting for the Costs of Computer Software Developed or Obtained for Internal Use, issued by the AICPA in March 1998 for compliance in 1999. At first perceiving the statement to be simply a policy clarification, senior executives quickly realized the SOP required them to look closely at how their companies accounted for internal-use computer software. If those methods did not align with the SOP, companies had to make changes in their accounting and information technology (IT) practices.
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