Overview:
Businesses today rely heavily on software to remain competitive and productive. While the consistent developments and variety offered by modern software is vital for growth, accounting for software continues to present a challenge. In this session, we will discuss:
- Applying appropriate guidance
- Internal and external software use and development costs
- Implementation costs for cloud computing arrangements
- Other software accounting considerations
Objective:
To provide accountants and financial professionals with the latest updates on the rules and regulations governing accounting for software costs, while also looking ahead in order to anticipate and prepare for future FASB projects and developments.
Emphasis:
- Differences Between ASC 985-20 and ASC 350-40
- Establishing Technological Feasibility
- External Marketing
- Amortization of Software Costs
- Impairment Assessment Considerations
- Software vs. Service
- Examples of Cloud Computing
- FASB Software Cost Project