Project Assignment: Middle Road Media Case Study
This project is designed to enhance your research skills using the FASB Codification to research the accounting for software development, enhance your critical thinking skills, and provide an opportunity for you to improve your graduate level writing skills.
Introduction:
You did such a great job on Project I that your company's controller (the professor) now feels confident you can conduct professional accounting research using the FASB Accounting Standards Codification. Specifically, the controller is interested in the accounting for software development costs at Middle Road Media, Inc. The company produces monthly political magazines. The controller encourages you to use your critical thinking skills to make effective decisions regarding the recording and reporting of the software costs.
Eager to prove you're a born researcher with the writing skills of Charles Dickens, you begin planning the process you'll use to impress the controller. You plan to submit a draft of your report to the editing department (graduate tutors) before delivering your final work to the Controller.
Steps to Completion:
Step 1 -Read the case study and review the requirements for Middle Road Media, Inc., which is posted in: Content/Course Resources/Projects.
• Case Citation:
o Casey J. McNellis (2018) Middle Road Media, Inc. A codification research case on the accounting for accounting software development activities. Issues in Accounting Education: August 2018, Vol. 33, No. 3, pp. 135-144.
Step 2 - Conduct accounting research using the FASB Codification
• Login credentials to the FASB Accounting Standards Codification (ASC) and the linkare provided in Course Resources section in the classroom in the FASB's ASC, GARS and COSOmodule.
• Research the FASB ASC for guidance on the accounting for software development costs as requested by the controller.
• To deepen your understanding of the FASB ASC topic related to software development costs,read the appropriate sections in Wiley GAAP 2018: Interpretation & Application of GAAP.
• Read: Bouray, R., & Richards, G. (2018, March 12). Accounting for external-use software development costs in an agile environment.
• Research the UMUC library to find current articles in academic journals related to software development costs.
Step 3 - Complete the case requirements
• Complete the Main Case Requirements.
• Complete the Optional Case Requirement 1.
• Complete the Optional Case Requirement 2.
Article: Middle Road Media: A Codi?cation Research Case on the Accounting for Software Development Activities by Casey J. McNellis.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.