@Theo and @lb18
That helps, thanks. I think I'm good to go on WACC now. The only major additional piece I picked up from the youtube vid was:
If a portion of WACC is financed through “other borrowings”, calculate weighted average interest rate (total interest/total principal of total “other borrowings) and apply to that portion of WACC.
I'm beginning to realize that, for ANY software you use, a big (too big) chunk of time is spent breaking this stuff down into learnable material. I took AUD and BEC, obviously totally different and much easier exams in my opinion, but I worked with two other folks and we were each responsible for “translating” the material for different sections. It really worked. The time in the weeds was virtually eliminated. Unfortunately, I'm going at FAR solo due to work schedule and timeline. If anyone out there has the opportunity to go that route, do it! Let go of that tight grip of control that you so naturally have as an accountant/stressed out test taker and join forces. And, there's no higher learning than teaching as you know. That's when you truly “get it”. Okay, done with the soapbox.
Now moving on to actually being productive, could Theo, lb18 or anyone else out there be a pal and explain Computer SW development costs and when they are capitalized versus expensed? Some costs seem to fall in both expense and capitalize and wtf is “product masters”?
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