Accounting for Intangibles and Research and Development Costs (Currently Unavailable)

This course focuses on accounting for intangibles, goodwill, and computer software. This course also speaks to the accounting and reporting requirements related to research and development costs.

Publication Date: February 2023

Designed For
Attendees should include all professionals who have a need to understand the accounting for intangibles, goodwill, and research and development costs

Topics Covered

• Intangible assets
• Recording an intangible asset
• How to record impairment losses when a difference between carrying value and expected future cash flows exists
• When to amortize intangible assets
• Testing intangibles with finite lives for impairment the same way as long-term tangible assets
• Testing intangibles with indefinite lives, including goodwill, are tested for impairment at least annually
• Private companies making an alternative accounting policy election test goodwill for impairment when triggering events occur
• Updates to the goodwill impairment process
• Other issues as deemed appropriate

Learning Objectives

• Recognize the acquisition of intangibles, and the principles related to amortization, impairment, and disposition
• Identify the accounting for goodwill as well as the key consideration with respect to impairment testing
• Describe areas of interest
• Identify Research and Development costs
• Describe Costs of Computer software products developed internally and purchased
• Recognize Research and Development activities

Level
Intermediate

Instructional Method
Self-Study

NASBA Field of Study
Accounting (2 hours)

Program Prerequisites
A general understanding for related GAAP issues.

Advance Preparation
None