Financial Reporting Issues

Accounting for Software Sales

This course provides an overview of the accounting for the costs of software to be sold, leased, or marketed. The accounting, reporting, and disclosure requirements related to this type of software is prescribed by ASC Topic 985-20. This course primarily addresses the concept of technological feasibility and how this impacts the cost classification of software development costs. The course also addresses the respective presentation and disclosure requirements.

Learning Objectives:

  • Distinguish between the different areas of U.S. GAAP related to software.
  • Recognize software that is within the scope of ASC Topic 985-20.
  • Identify how software costs are recorded prior to and after establishing technological feasibility.
  • Recognize how amortization is recorded for capitalized software costs.
  • Identify general disclosure requirements related to software for resale.

Prerequisites/Advanced Preparation:


Speaker / Author:

Kelen Camehl is a CPA with over 14 years of progressive finance and accounting experience. Currently, he serves as a technical accounting advisor with HP. Prior to this role, 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.

Kelen has remained actively involved in CPA exam content development for the past seven years and has authored in excess of a thousand multiple choice questions for sections of the exam, attending workshops with the AICPA across the country each year. He serves as an Editorial Advisor for the AICPA’s "Journal of Accountancy", as well as both an author and technical reviewer for Continuing Professional Education (CPE) courses published by the AICPA, Wolters Kluwers (CCH), and PDH Academy. He also contributes to CPE course development for SmartPros.


Price (USD)

Standard: $36.95


Course Code : 99CAM15

Release Date : 03/17/2022
Expire Date : 03/31/2024
Credits :
CPE 1.50
QAS 1.50

Length : 2hr 30min
Course Level : Basic
Course Type : QAS Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Accounting

Theme : Financial Reporting Issues

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