This course provides an overview of the accounting for the costs of software to be sold, leased, or marketed. The accounting, reporting, and disclosure requirements related to this type of software is prescribed by ASC Topic 985-20. This course primarily addresses the concept of technological feasibility and how this impacts the cost classification of software development costs. The course also addresses the respective presentation and disclosure requirements.

Learning Objectives
  • Discover and distinguish between the different areas of U.S. GAAP related to software.
  • 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.
Last updated/reviewed: March 12, 2024
5 Reviews (17 ratings)

Reviews

5
Anonymous Author
good discussion of accounting for software sales. This instructor does a good job discussing accounting policy type topics.
5
Anonymous Author
Thorough course on how to account for software sales, a lot of information.
5
Member's Profile
This was a tough course, but I learned a lot! thanks for the great outline!
5
Anonymous Author
Good course, helpful information. Useful daily in my work. Thanks
5
Anonymous Author
I enjoyed this course, and I found it very informative.
Prerequisites
Course Complexity: Foundational

No advanced preparation or prerequisites are required for this course.

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
  Course Overview CPE
Course Syllabus
COURSE MATERIAL
  Accounting for Software Sales (Text Based Course)PDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam