CCH Learning Center

Description:
Accounting for Intangibles involves classification prior to the determination of the appropriate method of accounting.

First, an overview of the acquisition of intangibles is presented with coverage of the rules related to amortization, impairment, and disposition.

Second, research and development costs are defined and classified based on the type of cost incurred.

Third, the costs of computer software products developed internally and purchased from a third party are addressed.

Fourth, accounting rules for the acquisition, impairment, and generation related to intangibles and goodwill are covered. including the 2001 changes to the rules included in SFAS No. 142.