This course provides an overview of the accounting for internal-usesoftware. 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
Upon completion of this course, you will be able to:
Distinguish between software that is considered internal-useand 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
Major Topics
- What is and is not Internal-Use Software?
Scope of Internal-Use Software Guidance
Hosting Arrangements
Stages of Software Development
Commencement of Capitalization
Amortization
- Cloud-Based Arrangements
Balance Sheets
Statement of Cash Flows
