Accounting for Intangible Assets
The accounting rules relating to intangible assets differ from those that apply to tangible assets. Accounting for Intangible Assets addresses the essentials of these differences. The course covers the different types of intangible assets, and then describes how to account for goodwill, including goodwill impairment testing and the situations in which goodwill can be amortized. Further, the accounting for internal-use software, website development costs, non-fungible tokens, and patents are noted. The course also includes a complete set of financial statement disclosure requirements for intangible assets.
Format
PDF Course
Level
Overview
Duration
1 Hour
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.
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