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Project Management: Capex & Opex acctn'g rules for PMs
Rating: 3.9 out of 5(59 ratings)
1,228 students

Project Management: Capex & Opex acctn'g rules for PMs

Project Management: Guide To CAPEX Accounting Rules For Internal Software Build
Created byJumana Alibhai
Last updated 3/2018
English

What you'll learn

  • Have a better understanding of the Software Capitalization accounting rules as required by GAAP
  • Be able to better forecast capex vs expense costs for internal software development

Course content

1 section8 lectures47m total length
  • Introduction and what you will learn.3:09

    An introduction to software capitalization accounting rules (ASC 350-40) for more accurate budgeting and forecasting of project costs for internally developed software.

    Description of pain points for Project Managers.

    What you will learn:

    Definition of internal-use software

    Definition of software capitalization

    Why capitalize?

    Forecasting and Budgeting

    When can you begin capitalizing?

    Tasks that are eligible for capitalization

    Other costs eligible for capitalization

    Project Closure and Amortization


    Keywords - software capitalization, expense vs capex costs, accounting rules on software development costs.



  • Define what is internally developed software2:04
  • Define what is software capitalization and why capitalize costs.3:52
  • How to determine if a project is cap eligible?12:25
  • What can be capitalized (labor and non-labor)?10:33

    when can you begin capitalization?

    tasks that can be capitalized. Other costs (non-labor related) that can be capitalized.

  • Forecasting and Budgeting9:09
  • Project Closure and Amortization3:24
  • Lecture 8 Conclusion and PDF version of official US GAAP FASB guidance2:42

    Summary of Best practices and conclusion. Attached in the resources below is the official  US GAAP FASB guidance for internally developed software. If interested, you can review to see the actual rule that applies to US based companies.

Requirements

  • Project Managers who want to learn how to identify CapEx and Opex costs.
  • The accounting rules explained (GAAP accounting) only applies to United States of America
  • Project managers that work for public companies that work with capitalizable projects

Description

Hello there! Do you struggle with Identifying Capex and Opex costs when managing an IT project?Do you want to be able to better forecast project expenses? Software capitalization rules can be a pain to Project Managers when forecasting, budgeting and managing their actuals. I am here on Udemy to break down the Software Capitalization accounting rule in simple terms so you are able to know what costs are eligible for capitalization and what costs should be expensed. I am a Certified Public Accountant (inactive) that works for a fortune 500 Company in USA. I work with project managers on a day to day basis and train them on the software capitalization accounting rules and Company policy around capitalization. I perform in-house training on the topic of Software Capitalization and also provide 1-1 software capitalization consulting on specific projects. This course will dive deep into the accounting rule for internally developed software and equip you with the knowledge of what costs to expense and what to capitalize.

Who this course is for:

  • Project Managers who want to learn how to identify CapEx and Opex costs.
  • Project managers who work for companies in the USA or companies that follow US accounting rules.
  • Project managers who would like to know the software capitalization rules as required by US GAAP