Capitalized Software Development Costs
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Capitalized Software Development Costs
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Author : David Jonathan White
language : en
Publisher:
Release Date : 1995
Capitalized Software Development Costs written by David Jonathan White and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Computer software categories.
Are Capitalized Software Development Costs Informative About Audit Risk
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Author : Gopal V. Krishnan
language : en
Publisher:
Release Date : 2013
Are Capitalized Software Development Costs Informative About Audit Risk written by Gopal V. Krishnan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
Capitalization of software research and development costs (SDC) under SFAS No. 86 is the only exception to SFAS No. 2 which calls for immediate expensing of R&D costs. Although intangible assets have become increasingly relevant for firm valuation, they remain largely unexplored in audit research. This is an important topic because intangible assets, especially those that are internally developed, pose more challenges in assessing audit risk relative to tangible assets. Capitalization of SDC offers a unique opportunity to study how auditors assess audit risk associated with the recognition of this intangible asset. While capitalized SDC could shed light on software products' potential commercial success and inform the auditor about the client's business risk, the accounting flexibility allowed by SFAS No. 86 also increases the risk of earnings management, and thus implies higher audit risk. Using audit fees as a proxy for audit risk, our results indicate that capitalized SDC are negatively associated with audit fees for firms where capitalization is inconsequential to beating analysts' forecasts and also for firms with low analysts' following. These results support the notion that capitalized SDC signal lower business risk, especially for firms with low earnings management risk or high private information.
The Value Relevance Of Intangibles
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Author : David Aboody
language : en
Publisher:
Release Date : 2014
The Value Relevance Of Intangibles written by David Aboody and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
We examine in this study the relevance to investors of information on the capitalization of software development costs, as promulgated in 1985 by the Financial Accounting Standards Board in its Statement No. 86 (SFAS 86). We find that software capitalization is value-relevant to investors: The annually capitalized development costs are positively and significantly associated with stock returns and the cumulative software asset reported on the balance sheet is associated with stock prices. Furthermore, software capitalization figures are associated with subsequent reported earnings, indicating another dimension of relevance to investors. We also find that investors undervalue firms that expense all their software development costs. Finally, we find no support for the frequent argument that the judgment and subjectivity involved in software capitalization adversely affects the quality of reported earnings. We also investigate why the industry petitioned the FASB, in March 1996, to abolish SFAS 86. We document a significant shift in the mid-1990s in the impact of software capitalization on reported earnings and return-on-equity of software companies. Whereas in the early period of SFAS 86 application (mid- to late-1980s) software capitalization enhanced reported earnings considerably more than its detraction by the amortization of the software asset (since that asset was still small), during the early 1990s the gap between capitalization and amortization narrowed, and in 1995, the amortization?s negative impact on reported profitability roughly offset the positive impact of capitalization. This diminished impact of capitalization on reported performance may have been among the reasons underlying the petition to abolish SFAS 86. Finally, we find that analysts? earnings forecast errors are positively and significantly associated with the intensity of software capitalization.
Software Industry Accounting
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Author : Joseph Morris
language : en
Publisher: John Wiley & Sons
Release Date : 2001-05-04
Software Industry Accounting written by Joseph Morris and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-05-04 with Business & Economics categories.
The software industry is being inundated with important accounting and valuation questions. The rules and regulations governing accounting of the software industry are very different from other industries. The software industry has unique accounting concerns, such as capitalization of development costs and software revenue recognition. This book emphasizes accounting and financial reporting, and discusses taxation, law, and general industry subjects.
Accounting For Software Costs
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Author : Robert W. McGee
language : en
Publisher: Institute of Management Accountants
Release Date : 1984
Accounting For Software Costs written by Robert W. McGee and has been published by Institute of Management Accountants this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984 with Business & Economics categories.
Accounting And Valuation Guide Assets Acquired To Be Used In Research And Development Activities
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Author : AICPA
language : en
Publisher: John Wiley & Sons
Release Date : 2016-11-07
Accounting And Valuation Guide Assets Acquired To Be Used In Research And Development Activities written by AICPA and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-11-07 with Business & Economics categories.
This new guide provides guidance and illustrations regarding the initial and subsequent accounting for, valuation of, and disclosures related to acquired intangible assets used in research and development activities (IPR&D assets). This is a valuable resource for preparers of financial statements, auditors, accountants and valuation specialists seeking an advanced understanding of the accounting, valuation, and disclosures related to acquired IPR&D assets.
Wiley Cpa Exam Review 2009
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Author : Patrick R. Delaney
language : en
Publisher: John Wiley & Sons
Release Date : 2008-12-03
Wiley Cpa Exam Review 2009 written by Patrick R. Delaney and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-12-03 with Business & Economics categories.
Contains all current AICPA content requirements in regulationUnique modular format-helps you zero in on areas that need work, organize your study program, and concentrate your effortsComprehensive questions-over 3,800 multiple-choice questions and their solutions in the four volumes.
Accounting For Internal Use Software
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Author : United States. Federal Accounting Standards Advisory Board
language : en
Publisher: U.S. Government Printing Office
Release Date : 1998
Accounting For Internal Use Software written by United States. Federal Accounting Standards Advisory Board and has been published by U.S. Government Printing Office this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Computers categories.
Financial Statement Fraud
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Author : Gerard M. Zack
language : en
Publisher: John Wiley & Sons
Release Date : 2012-11-28
Financial Statement Fraud written by Gerard M. Zack and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-11-28 with Business & Economics categories.
Valuable guidance for staying one step ahead of financial statement fraud Financial statement fraud is one of the most costly types of fraud and can have a direct financial impact on businesses and individuals, as well as harm investor confidence in the markets. While publications exist on financial statement fraud and roles and responsibilities within companies, there is a need for a practical guide on the different schemes that are used and detection guidance for these schemes. Financial Statement Fraud: Strategies for Detection and Investigation fills that need. Describes every major and emerging type of financial statement fraud, using real-life cases to illustrate the schemes Explains the underlying accounting principles, citing both U.S. GAAP and IFRS that are violated when fraud is perpetrated Provides numerous ratios, red flags, and other techniques useful in detecting financial statement fraud schemes Accompanying website provides full-text copies of documents filed in connection with the cases that are cited as examples in the book, allowing the reader to explore details of each case further Straightforward and insightful, Financial Statement Fraud provides comprehensive coverage on the different ways financial statement fraud is perpetrated, including those that capitalize on the most recent accounting standards developments, such as fair value issues.
Gaap Guide Levels B C And D 2009
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Author : Judith Weiss
language : en
Publisher: CCH
Release Date : 2008
Gaap Guide Levels B C And D 2009 written by Judith Weiss and has been published by CCH this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Business & Economics categories.
Contains cross references to companion publication: GAAP guide level A.