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Course Level :Basic
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Credits :1
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Pre-requisites :None
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Advance Preparation :None
Join us for a comprehensive course delving into the intricacies of accounting for internal-use software arrangements. In this course, we explore the realm of accounting standards through ASC Topic 350-40, unveiling the specific guidelines governing the treatment of internal-use software. Gain a comprehensive understanding of how to effectively account for development costs, capitalize expenses, amortize costs, impairment tests, and fulfill necessary presentation and disclosure requirements.
Throughout this CPE Accounting webinar, you'll discern the critical differences between software categorized as internal use versus those intended for sale, lease, or marketing. Internal-use software is designed exclusively for an entity's internal operations, distinguishing itself from software aimed at the commercial market. Dive into the nuances of U.S. GAAP, discovering how these distinct software categories are addressed under separate areas of accounting standards, illustrating the necessity of careful adherence to ASC Topic 350-40 for internal-use software accounting.
By the end of this online course, participants will be equipped with essential insights to distinguish internal-use software, navigate through implementation costs at various development stages, and comprehend the commencement of capitalization and amortization processes. Unravel the intricacies of accounting for hosting arrangements, understanding the differentiated treatment they require compared to other development expenses. This course by Kelen Camehl offers a vital roadmap to ensure accurate accounting, enabling finance professionals to navigate the complexities of internal-use software arrangements confidently.
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.
Advisor, Kelen Camehl CPA
Kelen is a recognized author and reviewer of CPE courses and has authored over 85 courses (225+ 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 has also remained involved in CPA exam content development for nearly 10 years and has 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 over 15 years of progressive finance and accounting experience. He currently serves as an Accounting Policy Consultant with HP, Inc. in Dallas, TX. Most recently he was located in Budapest, Hungary on a three-year international assignment and served in the company’s Houston, TX location prior to this assignment. 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.
28 Ratings
AS
Dec 18th, 2023
Very knowledgeable handout and informative for CPE
CC
Dec 22nd, 2023
Quick refresher for me since we will be doing internal development next year
