Accounting Standards Update · 2025

ASU 2025-06 — Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software

Affects350 Intangibles—Goodwill and Other

The amendments in this Update make targeted improvements to Subtopic 350-40, Intangibles—Goodwill and Other—Internal-Use Software to increase the operability of the recognition guidance considering different methods of software development.

This Accounting Standards Update is the final version of Proposed Accounting Standards Update 2024-ED400—Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40), which has been deleted.

For more information see the following:

Accounting Standards Update No. 2025-06 (PDF)

Issued: September 18, 2025

Text as published in the FASB Accounting Standards Codification, Basic View.