Firms head off software bugs from new FASB rules

08/10/2010 | CFO.com

The Financial Accounting Standards Board is encouraging firms to adopt a method for estimating the fair value of bundled products and services, but the shift could cause hiccups for some enterprise resource planning systems, according to software experts. The problem is that many ERP systems are programmed for residual allocation accounting, notes RoseRyan consultant Kelley Wall. Vendors such as Oracle and SAP are able to work with clients to resolve the issues, the firms report.

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