Status of Statement No. 86

Accounting for the Costs of Computer Software to Be Sold, Leased, or Otherwise Marketed


August 1985

Effective Date:
For financial statements for fiscal years beginning after December 15, 1985

Amends FAS 2, paragraph 31
Amends FIN 6, paragraphs 3, 6, and 8
Deletes FIN 6, paragraphs 7 and 9
Supersedes FTB 79-2

Affected by:
Paragraph 2 amended by FAS 141(R), paragraph E18, and FAS 164, paragraph E8

Other Interpretive Release:
FASB Highlights, “Computer Software: Guidance on Applying Statement 86,” February 1986 (in Current Text Section Co2)

AICPA Accounting Standards Executive Committee (AcSEC)

Related Pronouncements:
SOP 81-1
SOP 94-6
SOP 98-1

Issues Discussed by FASB Emerging Issues Task Force (EITF)

No EITF Issues

Interpreted by:
No EITF Issues

Related Issues:
EITF Issues No. 96-6, 00-2, 00-3, and 03-5 and Topic No. D-71

*Note: Amendments as a result of the issuance of FAS 141(R) are effective for business combinations with an acquisition date on or after the beginning of the first annual reporting period beginning on or after 12/15/08.

Abbreviations for Accounting Pronouncements
FAS - FASB Statements
FIN - FASB Interpretations
FTB - FASB Technical Bulletins
APB - APB Opinions
AIN - AICPA Interpretations
ARB - Accounting Research Bulletins
CON - FASB Concepts
EITF - EITF Issues
Q&A - FASB Implementation Guides