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| Author : | Kelen Camehl, CPA, MBA |
| Course Length : | Pages: 28 ||| Review Questions: 10 ||| Final Exam Questions: 10 |
| CPE Credits : | 2.5 |
| IRS Credits : | 0 |
| Price : | $22.45 |
| Passing Score : | 70% |
| Course Type: | NASBA QAS - Text - Technical - NASBA Registry |
| Primary Subject-Field Of Study: | Accounting - Accounting for Course Id 1980 |
| Description : | 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. |
| Usage Rank : | 0 |
| Release : | 2022 |
| Version : | 1.0 |
| Prerequisites : | None. |
| Experience Level : | Overview |
| Additional Contents : | Complete, no additional material needed. |
| Additional Links : |
Accounting Software
|
| Advance Preparation : | None. |
| Delivery Method : | QAS Self Study |
| Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
| Revision Date : | 12-Dec-2022 |
| NASBA Course Declaration : | Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
| Approved Audience : | NASBA QAS - Text - Technical - NASBA Registry - 1980 |
| Keywords : | Accounting, Software, Internal, Use, External, Sales, cpe, cpa, online course |
| Learning Objectives : |
Chapter 1
Chapter 2
|
| Course Contents : | Chapter 1 - Internal-Use Software Arrangements Learning Objectives Chapter Overview Introduction What is and is not Internal-Use Software Scope of Internal-Use Software Guidance Stages of Software Development Preliminary Project Stage Application Development Stage Postimplementation-Operation Stage Upgrades & Enhancements Commencement of Capitalization Amortization – Non-Cloud Based Arrangements Amortization – Cloud Based Arrangements Impairment Considerations From Internal-Use to External Presentation Requirements Disclosure Requirements SEC Filing Disclosure Examples Chapter Review Questions Chapter 2 - Software for Resale Learning Objectives Chapter Overview Introduction Scope Technological Feasibility Costs Incurred After Technological Feasibility Production Costs Inventory Costs Purchased Software for Resale Funded Software Development Arrangements Amortization of Capitalized Costs Chapter Review Questions Glossary of Key Terms |
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