Advanced
Software capitalization (ASC 350-40 / IAS 38) decision guide
Evaluates internal-use software or development costs for capitalization vs expense, with stages and required documentation. Useful for tech companies and auditors.
Assess software development costs for capitalization under {standard} (ASC 350-40 / IAS 38).
Inputs:
- Project description and timeline: {project_timeline}
- Costs incurred by type (payroll, contractors, cloud): {costs}
- Development stage (preliminary, application dev, post-implementation): {stage_info}
- Useful life and amortization policy: {amort_policy}
- Impairment indicators: {impairment_indicators}
Output:
1) Stage assessment and capitalize/expense decision table by cost type.
2) Capitalization schedule and monthly amortization outline.
3) Required documentation and controls.
4) Common pitfalls (research vs development, maintenance, agile sprints).
Be conservative and evidence-based.Related Prompts
Industry-Specific
BeginnerNonprofit: Functional Expense Allocation (990)
Allocates expenses between Program, Management, and Fundraising buckets.
GPT-4oGemini 1.5 Pro
0
0
54
Industry-Specific
AdvancedCECL allowance model governance: assumptions, controls, and doc
Designs a CECL model governance and documentation package including assumptions, controls, and validation. Useful for banks and auditors supporting allowance estimates.
GPT-5.2 Thinking; GPT-4.1; o3-mini
0
0
45
Industry-Specific
IntermediateRetail gross margin bridge: markdowns, mix, shrink, freight
Builds a gross margin bridge explaining changes driven by markdowns, mix, shrink, and freight. Useful for merchandising and finance alignment.
GPT-5.2 Thinking; GPT-4.1; o3-mini
0
0
47