Understanding the Accounting for Advertising Costs ON DEMAND
Available Until
Your Desk
1.0 Credits
Member Price $29.00
Non-Member Price $33.00
Overview
This course explains the accounting rules for advertising and promotional costs under U.S. GAAP. It covers when these costs must be expensed and highlights the limited circumstances in which deferral is permitted. You’ll learn how to identify different types of advertising costs, apply the timing rules for expense recognition, and understand the disclosure requirements that may apply.
Highlights
U.S. GAAP guidance under ASC 735-20. ASC 735-20 recognition requirements. Guidance under ASC 944-30. Disclosure requirements.
Prerequisites
None.
Designed For
CPAs, CEOs, CFOs, controllers, and other financial managers.
Objectives
Identify the types of advertising costs that must be expensed under U.S. GAAP. Determine when direct-response advertising costs can be capitalized. Differentiate between production costs and communication costs in advertising activities. Recognize the disclosure requirements related to advertising expenses.
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