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Author: |
Kelen Camehl, CPA, MBA |
Course Length: |
Pages: 30 ||| Word Count: 13,330 ||| Review Questions: 6 ||| Final Exam Questions: 10 |
CPE Credits: |
2.0 |
IRS Credits: |
0 |
Price: |
$17.95 |
Passing Score: |
70% |
Course Type: |
Text |
Technical Designation: |
Technical |
Field Of Study: |
Accounting |
Approved Audience: |
NASBA QAS - NASBA Registry |
Key Takeaways: |
This course addresses the accounting treatment of costs related to software developed to be sold, leased, or marketed under ASC 985 20 guidance.
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Frequently Asked Questions: |
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Description: |
This course covers the accounting for costs of software that’s developed to be sold, leased, or marketed, based on the guidance in ASC 985-20. We’ll focus on how to assess technological feasibility and why it matters when deciding whether software development costs should be expensed or capitalized. The course also walks through the related reporting and disclosure requirements under GAAP. |
Usage Rank: |
20000 |
Release: |
2025 |
Version: |
1.0 |
Prerequisites: |
None. |
Experience Level: |
Overview |
Additional Contents: |
Complete, no additional material needed. |
Additional Links: |
Internal: Related course - Accounting for Software Internal Use and External Sales
Internal: Related course - Accounting for Software Sales (Course Id 1929)
External: Accounting Software: Definition, Types, and Benefits
External: Accounting software
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Advance Preparation: |
None. |
Delivery Method: |
QAS Self Study |
Intended Participants: |
Anyone needing Continuing Professional Education (CPE). |
Revision Date: |
19-Aug-2025 |
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. |
Keywords: |
Accounting for Software to Be Sold or Licensed - What CPAs Need to Know - CPE course |
Learning Objectives: |
Course Learning Objectives Upon completion of this course, you will be able to:
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Course Contents: |
Chapter 1 - Accounting for Software to Be Sold or Licensed - What CPAs Need to Know Course Learning Objectives Course Overview Introduction Scope 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 Impairment Considerations Future Product Enhancements Financial Statement Presentation Requirements Disclosure Requirements Conclusion Review Questions Glossary of Key Terms |
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