Accounting for R&D – A Quick Guide to ASC 730 ON DEMAND
Available Until
Your Desk
1.0 Credits
Member Price $29.00
Non-Member Price $33.00
Overview
This course covers the foundational elements of accounting for research and development activities under ASC 730. It explains how to identify qualifying R&D efforts, the proper treatment of associated costs, and the related disclosure requirements. You’ll also get a high-level overview of how to account for R&D funded by third parties, including key considerations for evaluating the nature of the arrangement and determining whether costs should be capitalized or expensed.
Highlights
U.S. GAAP guidance. Scope of R&D guidance. Disclosure requirements. R&D arrangements. Recognition of R&D arrangements. Subsequent measurement of R&D arrangements. Disclosure requirements.
Prerequisites
None.
Designed For
CPAs, CEOs, CFOs, controllers and other financial managers.
Objectives
Identify activities that qualify as R&D under ASC 730 and understand key scope exceptions. Identify recognition and disclosure requirements for R&D costs in financial statements. Recognize accounting considerations for R&D arrangements funded by outside parties. Distinguish between different types of obligations in funded R&D agreements and how they affect accounting treatment.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Kelen Camehl, Western CPE
Kelen is a recognized author and reviewer of CPE courses and has authored over 85 courses (225+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. His courses are available for purchase from many online CPE providers including the AICPA. Kelen has also remained involved in CPA exam content development for nearly 10 years and has authored more than a thousand multiple choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s “Journal of Accountancy”.
Kelen has over 15 years of progressive finance and accounting experience. He currently serves as an Accounting Policy Consultant with HP, Inc. in Dallas, TX. Most recently he was located in Budapest, Hungary on a three-year international assignment and served in the company’s Houston, TX location prior to this assignment. Prior to HP, he served in multiple accounting roles in the oil & gas industry with ConocoPhillips including technical accounting policy, SOX compliance, and internal audit. He also gained public accounting experience with PricewaterhouseCoopers, working with various clients in the energy, electric, power, gas, and utility sectors.
Non-Member Price $33.00
Member Price $29.00