U.S. GAAP Codification of Accounting Standards

U.S. GAAP Codification Accounting Standards, ASC


Principles of Accounting Intermediate Financial AccountingU.S. GAAP Textbook
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U.S. GAAP Accounting Standards
Codification Topic 350-50: Website Development Costs


Codification Topic 350-50
Website Development Costs


Website Development Costs

EITF Issue No. 00-2
"Accounting for Web Site Development Costs"

AICPA SOP 98-1
"Accounting for the Costs of Computer Software Developed or Obtained for Internal Use"

Activities to develop websites
1. Planning stage
2. Development stage
(1) Infrastructure development stage
(2) Application development stage
(3) Graphics development stage
(4) Content development stage
3. Operating stage

Planning stage costs
--> expensed

Internet domain name costs
--> capitalized

Development stage costs
--> apply the rules of AICPA SOP 98-1

Operating stage costs
--> apply the rules of AICPA SOP 98-1


Rules of AICPA SOP 98-1

Three stages to develop software
1. Preliminary project stage
2. Application development stage
3. Post-implementation/operation stage

Preliminary project stage
--> Costs are expensed as incurred

Application development stage
--> Costs to develop internal-use software
--> during the application development stage
--> are capitalized

Post-implementation/operation stage
--> Costs are expensed as incurred

Upgrades and enhancements to software
--> Costs may be capitalized
--> if "additional functionality" is added

Capitalized software costs
--> are amortized on a "straight line" basis
--> over the estimated useful life
and 
--> should be reviewed for impairment




   Codification Topic 350
   Intangibles-Goodwill and Other
 
Subtopics of Codification Topic 350
 
   350-10 Overall
   350-20 Goodwill
   350-30 General intangibles other than goodwill
   350-40 Internal-use software
   350-50 Website development costs
 
Accounting Terms of Codification Topic 350-10
 
   Goodwill
   Intangible assets
   Mutual entity
   Not-for-profit entity
 
Accounting Terms of Codification Topic 350-20
 
   Business
   Noncontrolling interest
   Operating segment
   Reporting unit
 
Accounting Terms of Codification Topic 350-30
 
   Defensive intangible asset
   Intangible asset class
   Residual value
   Useful life   
 
Accounting Terms of Codification Topic 350-40
 
   Preliminary project stage   
 
Accounting Terms of Codification Topic 350-50
      


   Other Topics at the Codification 300 
Accounting Standards Codification, ASC, Overview
 
ASC Codification Topic 305: Cash and Cash Equivalents
 
ASC Codification Topic 310: Receivables
 
ASC Codification Topic 320: Investments-Debt and Equity Securities
ASC Codification Topic 323: Investments-Equity Method and Joint Ventures
ASC Codification Topic 325: Investments-Other
 
ASC Codification Topic 330: Inventory
 
ASC Codification Topic 340: Other Assets and Deferred Costs
 
ASC Codification Topic 350: Intangibles-Goodwill and Other
 
ASC Codification Topic 360: Property, Plant, and Equipment

   U.S. GAAP Codification of Accounting Standards
Accounting Standards Codification, ASC, Overview
ASC Codification 200: Presentation
ASC Codification 300: Assets
ASC Codification 400: Liabilities
ASC Codification 500: Equity
ASC Codification 600: Revenue
ASC Codification 700: Expenses
ASC Codification 800: Broad Transactions
ASC Codification 900: Industry

U.S. GAAP by Topic
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