This course provides an overview of the accounting for internal-use software. 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
  • Discover and 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.
Last updated/reviewed: March 17, 2024
7 Reviews (37 ratings)

Reviews

5
Member's Profile
Excellent course. It even has some SEC disclosure examples.
5
Anonymous Author
Good overview and level of depth for an introductory course to internal-use software, and includes great, relevant examples. I would have liked there to be more thorough discussion of hosting arrangements, however.
5
Anonymous Author
This was a great short course on 350-40. I would love to course that compared and contrasted the accounting rules for 730-10, 985-20 and 350-40.
5
Anonymous Author
Good course that is relevant to accounting as it relates to technology companies.
5
Anonymous Author
Good review of a topic (internal use software) that is often overlooked.
4
Member's Profile
Good information compactly compiled
5
Anonymous Author
Good overview of accounting for internal use software. Nice examples.
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
  How to Account for Internal-Use Software ArrangementsPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam