Standards: the source of record
The auditor entry point. Six standards govern token, compute and inference spend across US GAAP and IFRS. Each carries its authoritative source, jurisdiction, scope and effective date so a reviewer can check this site against the real text.
The six governing standards
- ASC 350-40US GAAP
Internal-use software: costs to develop or obtain software for the entity's own use
Effective: In force; amended by ASU 2025-06
Source: [S1] KPMG: Hot Topic: Accounting for internal-use software (ASC 350-40)
- ASU 2018-15US GAAP
Implementation costs in a hosting arrangement that is a service contract (cloud computing arrangement)
Effective: In force; effective for public business entities for fiscal years beginning after 15 December 2019
Source: [S2] KPMG: Cloud computing implementation costs post ASU 2018-15
- ASU 2025-06US GAAP
Targeted improvements to ASC 350-40; removes the project-stage model and sets a probable-to-complete recognition threshold
Effective: Annual reporting periods beginning after 15 December 2027; early adoption permitted
Source: [S3] BDO: New ASU on internal-use software costs guidance (ASU 2025-06)
- ASC 985-20US GAAP
Software to be sold, leased or otherwise marketed; capitalization begins at technological feasibility
Effective: In force
Source: [S1] KPMG: Hot Topic: Accounting for internal-use software (ASC 350-40)
- IAS 38IFRS
Intangible assets, including internally generated intangibles; research phase expensed, development phase capitalized if six criteria are met
Effective: In force
- IFRIC 2021IFRS
March 2021 agenda decision on configuration and customisation costs in a cloud computing arrangement under IAS 38
Effective: Published March 2021
Source: [S6] IFRS Interpretations Committee: Configuration or customisation costs in a cloud computing arrangement (IAS 38) agenda decision, March 2021
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