Examples of Software Elements in a sentence
Recent Accounting PronouncementsIn October 2009, the FASB issued Topic 605—Revenue Recognition (EITF 08-1, Multiple-Deliverable Revenue Arrangements, (amendments to FASB Topic 605, Revenue Recognition )) and Topic 985—Software (EITF 09-3, Certain Arrangements That Include Software Elements , (amendments to FASB Topic 985, Software )).
Scientific Software Elements (SSE): SSE awards target small groups that will create and deploy robust software elements for which there is a demonstrated need that will advance one or more significant areas of science and engineering.
In October 2009, the FASB issued Accounting Standards Update 2009-14, Software (Topic 985): Certain Revenue Arrangements That Include Software Elements.
In September 2009, the FASB reached a consensus on Accounting Standards Update, orASU 2009-13, Revenue Recognition (Topic 605)—Multiple-Deliverable Revenue Arrangements, or ASU 2009-13 and ASU 2009-14, Software (Topic 985)—Certain Revenue Arrangements That Include Software Elements, or ASU 2009-14.
In September 2009, the FASB reached a consensus on Accounting Standards Update (“ASU”) -2009-13 “Revenue Recognition” (“ASC 605”) – “Multiple-Deliverable Revenue Arrangements” (“ASU 2009-13”), and ASU 2009-14 “Software” (“ASC 985”) – “Certain Revenue Arrangements That Include Software Elements (“ASU 2009-14”).
Third Party Software Elements: Certain LS telcom Software may contain, or be combined with, third party software elements, including open source software, for which different license conditions may apply.
In October 2009, the FASB issued an update to Software — Certain Revenue Arrangements That Include Software Elements.
Proponents of View C note that this transition adoption is similar to that required in Update No. 2009-13 Revenue Recognition (Topic 605): Multiple-Deliverable Revenue Arrangements (EITF Issue No. 08-1, "Revenue Arrangements with Multiple Deliverables") and Update No. 2009-14 Software (Topic 985): Certain Revenue Arrangements That Include Software Elements (EITF Issue No. 09-3, "Applicability of AICPA Statement of Position 97-2 to Certain Arrangements That Include Software Elements").
CIM InstalledProduct is a newly introduced class, which represents the collection of Software Fea- tures and Software Elements that make up an installed product.
In October 2009, the FASB issued ASU No. 2009-14, Software (Topic 985) — Certain Revenue Arrangements That Include Software Elements.