This course covers the different types of intangible assets, and describes how to account for goodwill, including goodwill impairment testing and the situations in which goodwill can be amortized. Further, the accounting for internal-use software, website development costs, and patents are noted. A complete set of financial statement disclosure requirements for intangible assets is also stated.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Recognize the different types of intangible assets.
Describe the actions to be taken when a reporting unit is disposed of.
Recognize the intervals at which impairment testing should be conducted.
Specify the circumstances under which internal-use software development costs can be capitalized.
Describe how the different types of website development costs are to be recognized.
Major Topics
Goodwill
Goodwill Amortization
Non-Goodwill Intangible Assets
Internal-Use Software
Website Development Costs
Patents
Intangible Disclosures
