Capitalizing Software & Cloud Costs Webinar
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Overview
Cloud computing and internal software costs can be capitalized or expensed, but doing so still depends on the specific arrangement and the intended use of those costs. This webinar will dive into the minutiae of how this works, and will also cover:
- Accounting for software development costs
- Relevant characteristics of internal-use software
- ASU amendments for intangibles and goodwill
SPEAKER:
Steve Schwartz, Director, National Office Assurance Group, CohnReznick
Objective
To help CPAs and other financial professionals understand how to properly and effectively capitalize or expense cloud computing and software costs, while making sure each are done in the proper situation.
Emphasis
- How to Follow FASB Standards Set in ASC 350-40
– Hosting Arrangements
– Cloud Computing Arrangement with License (CCAL)
– Hosting Arrangement that is a Service Contract (HASC) - Stages of Software Development and the Expected Costs for Each Stage
- External-Use Software Accounting Guidance
- Costs of External-Use Software to Be Sold, Leased, or Marketed
- Comparison of Costs Treatment of Internal-Use vs. External-Use Software
- Impairment of Software
- Accounting Requirements of Software–Internal-Use vs. External-Use
- Targeted Areas for Improvement to the Accounting & Disclosure of Software Costs
Speakers
Steve Schwartz, Director, National Office Assurance Group, CohnReznick
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View SubscriptionsPrerequisite
Basic knowledge of financial accounting and reporting.
Level of Knowledge
Intermediate
CPE Credits
1.5
Hours
NASBA Field of Study
Accounting