Surgent's Accounting for Software - Internal Use and External Sales

Available Anytime

Location: Online

2Credits

Accounting and Auditing

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FICPA Members

~~$49.00 Regular Price~~

Nonmembers

$64.00 Regular Price

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Product Code: SU24-IUES-SSDL

Level: Basic

Vendor: Surgent

Field of Study: Accounting

Overview:

This course provides an overview of the accounting for software, including both internal-use software as well as software that will be sold to third parties. The accounting, reporting, and disclosure requirements related to software depends on the nature of the software, and whether it will be used internally by an entity or will be marketed to its customers. For internal-use software, the guidance is prescribed by ASC Topic 350-40. On the other hand, the guidance related to software to be marketed and sold is prescribed by ASC Topic 985-20.

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 Topics:

The accounting, reporting, and disclosure requirements related to software
Internal-use software arrangements
Cloud and non-cloud based arrangements
Software for resale
Software sold to third parties
ASC Topic 350-40
ASC Topic 985-20

Designed For:

Financial practitioners who want an overview of the accounting for software, including both internal-use software as well as software that will be sold to third parties

Prerequisite:

None

Additional Info:

You will receive an email from [email protected] with instructions on how to log onto your course shortly. If you do not receive the email within the hour, please check your spam filter.

For technical support, registration questions or other customer service-related inquiries, please call (800) 778-7436 or email [email protected]. Phones are staffed from 8:30 a.m. to 5:00 p.m. Eastern Time, Monday through Thursday, and 8:30 a.m. to 4:00 p.m. Eastern Time on Friday.