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Course Details

Accounting for Software Sales (Course Id 1929)

Updated / QAS / Registry
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Author : Kelen Camehl, CPA, MBA
Course Length : Pages: 20 ||| Review Questions: 6 ||| Final Exam Questions: 8
CPE Credits : 1.5
IRS Credits : 0
Price : $13.45
Passing Score : 70%
Course Type: NASBA QAS - Text - Technical - NASBA Registry
Primary Subject-Field Of Study:

Accounting - Accounting for Course Id 1929

Description :

This course provides an overview of the accounting for the costs of software to be sold, leased, or marketed.  The accounting, reporting, and disclosure requirements related to this type of software is prescribed by ASC Topic 985-20.  This course primarily addresses the concept of technological feasibility and how this impacts the cost classification of software development costs.  The course also addresses the respective presentation and disclosure requirements.

Usage Rank : 0
Release : 2021
Version : 1.0
Prerequisites : None.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
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 - 1929

Keywords : Accounting, Software, Sales, cpe, cpa, online course
Learning Objectives :

Course Learning Objectives

Upon completion of this course, you will be able to:
  • Distinguish between the different areas of U.S. GAAP related to software
  • Recognize software that is within the scope of ASC Topic 985-20
  • Identify how software costs are recorded prior to and after establishing technological feasibility
  • Recognize how amortization is recorded for capitalized software costs
  • Identify general disclosure requirements related to software for resale
Course Contents :

Chapter 1 - Accounting for Software Sales

Course Learning Objectives

Course Overview



Technological Feasibility

Review Questions

Costs Incurred After Technological Feasibility

Production Costs

Inventory Costs

Purchased Software for Resale

Funded Software Development Arrangements

Amortization of Capitalized Costs

Review Questions

Glossary of Key Terms

CPE Accounting Course: https://www.cpethink.com/accounting-cpa-courses
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