Surgent's How to Account for Internal-Use Software Arrangements

Available Anytime
Location: Online
1Credits
Accounting and Auditing
Registration is Open
FICPA Members
$29.00 Regular Price
Nonmembers
$44.00 Regular Price
Product Code: SU24-IUSA-SSDL
Level: Basic
Vendor: Surgent
Field of Study: Accounting

Overview:

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.

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:

  • 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

Designed For:

Professional accountants

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.