Fee:       $975

Estimated CPE Credits:  8 hours

Available Dates and Locations:

• December 11, 2008 (San Jose, CA)

SOP 97-2 was designed for software companies, and works fairly well for certain traditional business models. Since this SOP was introduced a decade ago, software has become much more than incidental to the products and services it is sold with. This increasing significance, combined with the increase in solution selling business models requires a new level of thinking in order to determine how or even if SOP 97-2 should apply.

• But we are not a software company!
  • the broad scope of SOP 97-2
• VSOE of Fair Value
  • the concept of fair value accounting
  • methods to support a fair value
• Accounting for an Intangible Software License
  • evidence
  • delivery
  • fixed or determinable fees
  • collectibility
• What PCS Is And What It Is Not
  • accounting for PCS under various scenarios
• Accounting for Services
  • criteria for qualifying as a separate element
• When to Use Contract Accounting
  • SOP 81-1 vs. SOP 97-2
  • customization vs. configuration

Objectives:  After completing this course, participants will be familiar with the main concepts of software accounting and how to apply them
to software or software related elements within arrangements with customers.
Program Level:  Intermediate
Delivery Method:  Group-Live Program
Prerequisites:  Participants should have had some instruction in basic revenue recognition (four criteria as well as multiple element arrangements) or an equivalent understanding from their relevant practical experience.
Advanced Preparation Required:  None is required, but participants are encouraged to bring their real life situations into the discussions.