Software-related transactions continue to evolve, requiring careful analysis under U.S. GAAP. This two-credit course examines the accounting treatment of software costs, with a primary focus on internal-use software and emerging guidance.
Participants will walk through the lifecycle of software development, including capitalization and expense recognition, amortization, and impairment considerations. The course includes a focused review of ASU 2025-06 and its impact on accounting for internal-use software.
Additional topics include accounting for website development costs, Software-as-a-Service (SaaS) arrangements, and other cloud computing arrangements (CCAs), including implementation and hosting considerations. The course also addresses accounting for external-use software, including technological feasibility, capitalization thresholds, and related revenue considerations.
Through practical examples and case-based scenarios, participants will strengthen their ability to interpret authoritative guidance and analyze the financial reporting implications of software-related transactions.
DESIGNED FOR
All accounting/auditing professionals
BENEFITS
- Recall quality management requirements under the 2024 Yellow Book
- Identify changes to the effective date of the 2024 Yellow Book
- Recognize recent updates to the Green Book affecting internal control considerations
- Recognize the impact of the 2024 Uniform Guidance changes on Single AuditsIdentify changes in Appendix B of the AICPA GAS/Single Audit Guide affecting Single Audit engagements
- Recall key changes introduced through recent OMB memoranda relevant to Single Audits
HIGHLIGHTS
- 2024 Yellow Book revisions and implementation updates
- Quality management and key audit role changes
- GAO implementation delay and audit planning implications
- Green Book updates and internal control considerations
- 2024 Uniform Guidance overhaul
- Single Audit requirement updates
- AICPA GAS/Single Audit Guide (Appendix B) changes
PREREQUISITES
Prior experience with GAGAS and Uniform Guidance
ADVANCE PREPARATION
None