Published: January, 2022
The software can often be thought of as existing within two different buckets. The first bucket is internal-use software, this type of software is not intended to be sold to customers. The U.S. GAAP guidance with respect to internal-use software is prescribed by ASC Topic 350-40. The second bucket is software that is intended to be sold, leased, or marketed, this software is developed to be sold for profit to a customer.
This Online CPE course addresses the concept of technological feasibility and how this impacts the cost classification of software development costs. This Online CPE Course focuses on those costs that are incurred to bring that software to a point where it can be sold to a customer. From that point, the revenue recognition guidance applicable to all contracts with customers takes over.
This CPE Course provides an overview of the accounting, reporting, and disclosure requirements related to software sales as prescribed by ASC Topic 985-20.
This Online Accounting CPE course includes following key topics:
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.