This course provides a practical overview of the accounting rules for contract acquisition and fulfillment costs under U.S. GAAP. It covers how to determine whether costs such as sales commissions, onboarding, and implementation services should be capitalized or expensed. You’ll learn how to apply the recognition and impairment criteria in ASC 340-40, as well as the related disclosure requirements for costs tied to revenue contracts.
Course Publication Date:
September 27, 2025
This course is available with
NO ADDITIONAL FEE if you have an active
self study membership or
all access membership or can be purchased for
$10.00!
| Author: | Kelen Camehl |
| Course No: | ACT-CONTRACT-29005 |
| Recommended CPE: | 1.00 |
| Delivery Method: | QAS Self Study |
| Level of Knowledge: | Overview |
| Prerequisites: | None |
| Advanced Preparation: | None |
| Recommended Field of Study: | Accounting
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Learning Objectives
- Identify costs that qualify for capitalization as costs to obtain or fulfill a contract.
- Differentiate between costs that must be expensed immediately and those that can be capitalized.
- Determine the appropriate amortization methods and periods for capitalized contract costs.
- Identify indicators that capitalized contract costs may be impaired.