Accounting for Software – Internal Use and External Sales

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2.5 Credits

Subject Area

Accounting

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Course Description
Course Qualification
Presenter
FAQ

Course Description

How do you navigate the intricate world of software accounting? Join our exclusive CPE Accounting webinar where we uncover the complexities of reporting, disclosure, and compliance specifically tailored to the purpose of your software. Whether you're handling internal-use software or gearing up software for resale, this comprehensive course is your guide to unraveling the multifaceted layers of software accounting.
Delve into the labyrinth of internal-use software accounting, guided by ASC Topic 350-40. Can you distinguish between internal and non-internal software? Gain insights into amortization intricacies, navigate impairment considerations, and seamlessly transition from internal use to external. Uncover essential insights into presentation mandates, disclosure requirements, and real-world SEC filing instances, ensuring you're well-versed in all aspects.
Unlock the mysteries of accounting for software intended for resale under the expert guidance of ASC Topic 985-20. Unveil the significance of technological feasibility in cost categorization, dissect pre and post-feasibility cost recordings, and comprehend amortization techniques for capitalized software expenses. Uncover the essential disclosure guidelines for software destined for resale, preparing you for the complex terrain of software finance.
Embark on this captivating exploration of software accounting principles, equipping yourself with indispensable insights crucial for navigating the diverse terrains of internal use and resale software accounting.

Learning Objectives

To discuss and distinguish between internal-use and non-internal-use software.
To recognize implementation costs at various software development stages.
To identify capitalization and amortization commencement points.
To analyze the distinct accounting treatments for hosting arrangements.
To identify software within the scope of ASC Topic 985-20.
To discuss and understand cost recording pre and post-technological feasibility.
To analyze how to grasp amortization recording for capitalized software costs.
To recognize general disclosure requirements for software intended for resale.

Course Qualification

Webinar Qualifies For

2.5 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
2.5 CPE Credit of Financial Accounting for Certified Internal Auditors (CIA)
2.5 CPE Credit of Accounting for Certified Management Accountants (CMA)
2.5 PL Credit of Accounting for Chartered Financial Analyst (CFA)
2.5 CPE Credit of Accounting for Delaware Licensed Public Accountant (DE-LPA)
2.5 CPE Credit of Accounting for Certified Government Financial Manager (CGFM)
2.5 CPE Credit of Accounting for Internal Audit Practitioner (IAP)
2.5 CPE Credit of Accounting for Qualification in Internal Audit Leadership (QIAL)
2.5 CPE Credit of Accounting for Iowa Licensed Public Accountant (IA-LPA)
2.5 CPE Credit of Accounting for Maine Licensed Public Accountant (ME-LPA)
2.5 CPE Credit of Accounting for Certified Fraud Examiner (CFE)
2.5 CPE Credit of Financial accounting for Certified Valuation Analyst (CVA)
2.5 CPD Credit of Financial Reporting for Certified Financial Forensics (CFF)
2.5 PL Credit of Accounting for CIPM
2.5 CPE Credit of Financial accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA)
2.5 CE Credit of Financial accounting concepts for Certified FP&A Professional (FP&A)

Additional details

Course Level :

Basic
Credits :

2.5
Pre-requisites :

None
Advance Preparation :

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Presenter

About Presenter

Kelen Camehl, CPA (US), MBA

Kelen is a recognized author and reviewer of CPE courses and has authored over 150 courses (370+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. His courses are available for purchase from many online CPE providers including the AICPA. Kelen remained involved in CPA exam content development for nearly 10 years and authored more than a thousand multiple choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s "Journal of Accountancy". 

Kelen has nearly 20 years of progressive finance and accounting experience. He currently serves as a Principal in Accounting Policy with HP in Doha, Qatar. Prior to HP, he served in multiple accounting roles in the oil & gas industry with ConocoPhillips including technical accounting policy, SOX compliance, and internal audit. He also gained public accounting experience with PricewaterhouseCoopers, working with various clients in the energy, electric, power, gas, and utility sectors.

About Company

HP

www.hp.com/in-en/home.html

Our vision is to create a world where innovation drives extraordinary contributions to humanity. This vision guides everything we do, how we do it, and why we do it.
Our technology – a product and service portfolio of personal systems, printers, and 3D printing solutions – was created to inspire our vision and we are doing everything in our power across climate action, human rights, and digital equity to make it so.
We believe thoughtful ideas can come from anyone, anywhere, at any time. And all it takes is one to change the world.

Faq

FAQs content

To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
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As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
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