Finance & Valuation
FASB
Financial Accounting Standards Board
The private-sector body that establishes US Generally Accepted Accounting Principles (GAAP). FASB standards govern how software development costs are capitalized (ASC 350-40), how revenue is recognized (ASC 606), and how intangible assets are valued. Understanding FASB guidance matters for software valuation because the accounting treatment of development costs directly affects reported financials and asset values.