Event Description

This course provides an overview of the accounting for internal-use software. The accounting and reporting requirements related to internal-use software can be found within ASC Topic 350-40. The primary information addressed within this ASC Topic relates to the development costs that should and should not be capitalized, how those costs are amortized, how they are tested for impairment, as well as presentation and disclosure requirements.

Designed For

Professional accountants

Objectives

Distinguish between software that is considered internal-use and not considered internal-use Recognize how implementation costs are accounted for in various stages of software development Identify when capitalization and amortization should commence Recognize how implementation costs of hosting arrangements are accounted for differently

Major Subjects

Development costs that should and should not be capitalized How these costs are amortized and how they are tested for impairment Presentation and disclosure requirements

Prerequisites

None

Instructions

None