Accounting for Software - Internal Use and External Sales ON DEMAND
Available Until
Your Desk
1.0 Credits
Member Price $29.00
Non-Member Price $33.00
Overview
Software is one of the more unusual assets, because the accounting for it varies, depending on whether it is intended for internal use or for sale to others. In this course, we cover the accounting rules for both of these scenarios, as well as the most likely revenue recognition rules for a software sale, and the software presentation and disclosure topics that should be included in a company’s financial statements.
Highlights
Internal use software. Website development costs. Software inventory. Costs to develop entertainment and educational software. Revenue recognition for software sales. Presentation issues. Disclosure issues.
Prerequisites
None.
Designed For
CPAs, CEOs, CFPs, and other financial managers.
Objectives
Recognize when software is considered to be for internal use or for sale. Specify the circumstances under which software costs and website development costs can be capitalized. Identify the steps required to recognize revenue from a software sale transaction. Recognize the presentation and disclosure topics relating to software.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $33.00
Member Price $29.00