1. Accounting Case - Competition Paper
Accounting for Costs Related to Sales Channel Development FASB ASC 350-40 refers us to apply AICPA SOP 98-1 which provides that within website or application development, there are three distinct phases inclusive of: the planning stage, the development stage, and the operating/post-implementation stage. ... During the individual stages it requires that we account for the costs of the development of new technology based sales channels as follows: - Planning Stage: Expense costs as incurred - Application Development Stage: Capitalize infrastructure, application, and graphic development cos...
- Word Count: 1284
- Approx Pages: 5
- Grade Level: Undergraduate