ASU 2009-14, Subtopic 985-605 - How Do the Main Provisions Differ from Current U.S. GAAP?

The amendments in this Update revise the scope of the software revenue guidance such that software-enabled tangible would not be within its scope.  The most significant effect of this would be that a vendor will no longer need to have VSOE of selling price of the undelivered elements sold with a software-enabled tangible product; this is expected to increase a vendor's ability to separately account for the sale of those products from any undelivered elements in an arrangement including those products.