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

Project Management: Guide To CAPEX Accounting Rules For Internal Software Build
4.5 (3 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
991 students enrolled
Created by Jumana Alibhai
Last updated 7/2017
English
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Current price: $10 Original price: $60 Discount: 83% off
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Includes:
  • 1 hour on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I 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
View Curriculum
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 is the target audience?
  • 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
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Curriculum For This Course
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Software Capitalization for Project Managers
8 Lectures 47:18

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.



Preview 03:09



How to determine if a project is cap eligible?
12:25

when can you begin capitalization?

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

What can be capitalized (labor and non-labor)?
10:33

Forecasting and Budgeting
09:09


Summary of Best practices and conclusion.

Preview 02:42
About the Instructor
Jumana Alibhai
4.5 Average rating
3 Reviews
991 Students
1 Course
Certified Public Accountant

Hello there! My name is Jumana Alibhai and 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. Software capitalization can be a pain to Project Managers when forecasting, budgeting and managing their actuals. I am here in Udemy to break down the Software Capitalization accounting rule in simple terms! so you are able to perform your job better.