Suchergebnisse

ABSTRACTThe accounting for software development costs is a complex issue within the financial accounting curriculum. While intermediate-level texts address the relevant issues, this case provides a rich context for students to learn and apply knowledge of the topic while developing critical-thinking and professional research skills. The instructional case addresses a hypothetical scenario of a company's development of an internal-use software system that ultimately prompts the creation of a software product sold by the company to customers. Students are required to determine the appropriate recognition of the software development costs, as well as the presentation of those costs and proceeds from customers on the company's financial statements.

ABSTRACTThis instructional case discusses a hypothetical scenario of a global conglomerate that has recently divested operations for three different subsidiaries. Students are required to determine the appropriate general financial statement presentation of the different subsidiaries in the consolidated income statement of the conglomerate. The case expands students' understanding of the accounting for discontinued operations, a financial accounting topic that has recently changed, and develops their research skills within the Financial Accounting Standards Board's (FASB) Accounting Standards Codification®. Furthermore, the case allows students to practice applying judgment to unique and complex situations within the accounting environment.