Price range: $58.00 through $78.00
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Without FlexCast, you must start with enough time to finish. (1 Hr/Credit)
 Secure Transaction CPE Credits
2 Credits: Accounting
Course Level
Overview
Format
Self-Study
Course Description
Accounting for Research and Development explains how to account for research and development under GAAP, emphasizing that most R&D costs are expensed as incurred. It covers cost identification, alternative future uses, software and intangible asset treatment, funded research arrangements, repayment obligations, business combination issues, financial statement presentation, disclosure requirements, and the internal controls needed to support accurate accounting conclusions.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Recognize which activities are defined as research and development (R&D).
- Recall the accounting treatment of payments for future R&D services.
- Recognize how to account for the development of software for R&D activities.
- Specify how to account for warrants issued in an R&D funding arrangement.
- Recall how to account for materials purchased for R&D activities.
- Recognize the internal controls that can be used for the R&D function.
- Recall the proper accounting treatment for overhead costs in an R&D setting.
- Recognize how to present an R&D funding repayment obligation on the balance sheet.
Course Specifics
SS126486250
August 7, 2026
There are no prerequisites.
None
49
Compliance Information
CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Meet The Experts
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and …
QAS Self-Study
