Accounting for Software – Internal Use and External Sales | Continuing Education by learnformula
Accounting for Software – Internal Use and External Sales
This course provides an overview of the accounting for software, including both internal-use software as well as software that will be sold to third parties.
schedule2.5h
4(1)
Kelen Camehl
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73 Courses
• 756 Reviews
Kelen is a recognized author and reviewer of CPE courses and has authored nearly 160 courses (380+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and et...
About this course
This course provides an overview of the accounting for software, including both internal-use software as well as software that will be sold to third parties. The accounting, reporting, and disclosure requirements related to software depends on the nature of the software, and whether it will be used internally by an entity or will be marketed to its customers. For internal-use software, the guidance is prescribed by ASC Topic 350-40. On the other hand, the guidance related to software to be marketed and sold is prescribed by ASC Topic 985-20.
Field of Study: Accounting