This course provides an overview of the accounting for software, including both internal-use software as well as software that will be sold to third parties.  The accounting, reporting, and disclosure requirements related to software depends on the nature of the software, and whether it will be used internally by an entity or will be marketed to its customers.  For internal-use software, the guidance is prescribed by ASC Topic 350-40.  On the other hand, the guidance related to software to be marketed and sold is prescribed by ASC Topic 985-20

Learning Objectives
Upon completion of chapter 1, you will be able to:
•    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
Upon completion of chapter 2, you will be able to:
•    Recognize software that is within the scope of ASC Topic 985-20
•    Identify how software costs are recorded prior to and after establishing technological feasibility
•    Recognize how amortization is recorded for capitalized software costs
•    Identify general disclosure requirements related to software for resale

To complete this course participants need to: Read the material provided and answer chapter review questions, successfully complete the qualified assessment with a minimum of 70% accuracy to receive your certificate. 

A course evaluation form is provided for your feedback, upon course completion. Participants have 1 year from the date of purchase/enrollment to complete this course 

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