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 the Accounting for Software 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.
Learning Objectives
Upon successful completion of this course, participants will be able to:
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.
Major Topics
Internal-Use Software
Website Development Costs
Software Inventory
Costs to Develop Entertainment and Educational Software
Revenue Recognition for Software Sales
Presentation Issues
Disclosure Issues
