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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: Freedom Fighter who wrote (30223)	9/27/1999 11:16:00 PM
From: blankmind	Read Replies (1) \| Respond to of 74651

Wayne - in-house software is now capitalizable - this is a recent developemnt - but if you look at IFLY's financials (800-Travel), you'll see they're capitalizing their interactive flight system software

To: Freedom Fighter who wrote (30223)	9/28/1999 3:43:00 AM
From: Exacctnt	Read Replies (1) \| Respond to of 74651

Wayne, I believe in January of 1998 the AICPA issued its Statement of Position 98-1 (SOP 98-1), "Accounting for the Costs of Computer Software Developed or Obtained for Internal Use". SOP 98-1 provides guidance about when to capitalize cost incurred for internal-use computer software. This change might answer some of your questions if you can find a way to access it. I was looking to find a link and I searched the web for the publication but couldn't find anything but a brief description and a referral to the AICPA. Their site doesn't post the publication but they would provide a copy upon request. I walked away from my 20 year career as an accountant over two years ago and no longer have or want(g) access to the changing accounting standards. Unless, of course, the Big Kahuna hits and I have to go back to work for a living.<vbg> Regards Edit: <<<Is there any way to get a very rough idea about how large these expenditures and assets are for the typical large business?>>> Only if the company breaks out their numbers, expense and assets, on their financial statements. Most won't do it, except for this year because of the Y2K spending.