CE/CPE Course Information

Accounting for Intangible Assets and Other Capitalization Issues

CPE Credits: 4
Subject Area: Accounting and Auditing
Field of Study: Accounting
Program Level: Overview
Lesson Version: 20-1
Publication/Revision Date: January 14, 2020
Prerequisites/Advanced Preparation: None
Written By: Michael Kustanovich, CPA

After completing this course, you will be able to
  • Distinguish between costs that should be capitalized to intangible assets and costs that must be expensed
  • Account for intangible assets with finite and indefinite useful lives
  • Apply the two-step impairment test to intangible assets
  • Identify the major differences between U.S. GAAP and IFRS in relation to the impairment test of intangible assets
  • Account for computer software to be used internally and computer software to be sold, leased, or marketed
  • Classify costs that relate to research and development (R&D) activities
  • Record the proper period-end adjusting journal entries in relation to prepaid expenses
Course Topics
  1. Introduction
  2. Intangible Assets Distinct from Goodwill
  3. Goodwill
  4. Patents
  5. Computer Software
  6. Research and Development (R&D) Costs
  7. Prepayments

This self-study course consists of an Audiovisual presentation or a 20-question True/False Introductory quiz, a Knowledge Transfer Outline with multiple-choice questions for study and review, and a Qualified Assessment of 20 questions.

This course is designed for your convenience. You may log out at any time during the course; your current position and all work will be saved. The next time you log in, you can resume right where you logged off.

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