Text Based

How to Account for Internal-Use Software Arrangements (Text Based)

Created on February 14, 2022

Beginner

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.

Learning Objectives:

  1. Distinguish between software that is considered internal-use and not considered internal-use

  2. Recognize how implementation costs are accounted for in various stages of software development

  3. Identify when capitalization and amortization should commence

  4. Recognize how implementation costs of hosting arrangements are accounted for differently


Instructional Method: Self-Study

Review Date: 02/14/2022

Required Components: Written Materials

CPE Final Exam Required Passage Grade: 70%

Please Note: This course must be completed within 1 year of the date of receipt of this course for CPE Credit.



Field of Study: Computer Software & Applications

Level of Knowledge: Beginner

Prerequisites: None

Advanced Knowledge: None


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