Objective
- Distinguish between software that is considered internal-use and not considered internal-use
- Recognize how implementation costs are accounted for in various stages of software development
- Identify when capitalization and amortization should commence
- Recognize how implementation costs of hosting arrangements are accounted for differently
Highlights
- The accounting, reporting, and disclosure requirements related to software
- Internal-use software arrangements
- Cloud and non-cloud based arrangements
- Software for resale
- Software sold to third parties
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ASC Topic 350-40
- ASC Topic 985-20
Designed For
Financial practitioners who want an overview of the accounting for software, including both internal-use software as well as software that will be sold to third partiesPrerequisite
NoneAdvanced Preparation
None