Accounting for Intangible Assets

Master the accounting rules governing intangible assets and apply them correctly in practice. This course explains the various types of intangibles and walks you through goodwill accounting, including impairment testing and permitted amortization scenarios. Learn how to account for internal-use software, website development costs, non-fungible tokens, and patents. You will also review comprehensive disclosure requirements so your financial statements properly reflect the value and risks associated with intangible assets.
Format

PDF Course

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Duration

1 Hour

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Course Information

Author: Steven Bragg
Course number: AC1105

Learning Objectives
  • Recognize the different types of intangible assets.
  • Describe the actions to be taken when a reporting unit is disposed of.
  • Recognize the intervals at which impairment testing should be conducted.
  • Specify the circumstances under which internal-use software development costs can be capitalized.
  • Describe how the different types of website development costs are to be recognized.

Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Accounting
Prerequisites: None
Advance Preparation: None
Latest Review Date: July 2025
Program Registration Requirements: Click on the Enroll button to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.
Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.

AccountingTools, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
The NASBA sponsor identification number for Accountingtools, Inc. is 115881.

AccountingTools is an IRS Approved Continuing Education Provider. We are compliant with the requirements for continuing education providers (as described in sections 10.6 and 10.9 of the Department of Treasury’s Circular No. 230 and in other IRS guidance, forms, and instructions). Our IRS Approved Continuing Education Provider number is 72821.