Agile Capitalization Workshop
Duration: 8 hours total. 4 hour seminar, followed by 4 hour company-specific workshop
Capacity: 16 attendees
Attendees: Project managers, auditors, financial analysts, accountants, engineering leaders, CTO/VP Engineering, CFO/VP Finance
The Agile Capitalization Workshop includes a half-day seminar followed by a half-day company-specific workshop. The seminar covers GAAP principles, capitalization benefits, applicable regulations, and real-world examples of capitalizing software developed using agile practices. You will learn from the team that pioneered defensible agile capitalization practices in a $10B publicly traded company.
The detailed research Dan Greening did on capitalization is going to save me a significant amount of time and energy. Specifically, his research into the GAAP and FASB guidance on software capitalization. His summaries cut through years of poor capitalization guidance for Agile projects. —Thomas Hall, IT Program Manager, Physicians Mutual
In many companies, agile software development is misunderstood and misreported, causing taxation increases, higher volatility in Profit and Loss (P&L) statements and manual tracking of programmer hours. Agile and Scrum teams inherently create production cost data that are more verifiable, better documented, and more closely aligned with known customer value than most waterfall implementations. Better reporting can mean significant tax savings and greater investor interest.
The Agile Capitalization Workshop will benefit executives, managers, consultants, and financial professionals seeking to:
- Improve the company’s P&L
- Reduce or eliminate need to track actual hours
- Free up working capital for innovation and growth in software development
- Reduce future tax burden
- Improve verifiability for internal and external auditors
- Increase clarity for shareholders on investments and operational expenses
You will leave with the understanding and resources to lead an agile capitalization effort at your company. Save weeks of research and investigation by attending this powerful briefing.
Outline
| Time | Topic | Details |
| 60 min | Agile vs Traditional Capitalization: A regulatory perspective |
|
| 60 min | Establishing consistent, sustainable rules for capitalization |
|
| 15 min | Break |
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| 60 min | Defensible practices for collecting, categorizing, and reporting |
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| 45 min | Q & A |
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References
My team and I attended Senex Rex’s Agile Capitalization Workshop. It showed us how to use the natural outputs of Agile development (i.e. Story Points) to replace timesheets, and provided a foundation for supporting capitalization that finance, developers and project managers all could understand. The workshop helped us create consistent rules for capitalization under Agile, and develop clear documentation for internal and external auditors. Bring software developers and accountants from your company. The interactions, facilitated by Dan and John, will help the two groups to see each other’s viewpoints and learn together. You leave the workshop with a kick-start to implement Story Points-based capitalization at your company!
—Scott Szymkowski, Director of Accounting at Financial Engines
Dan Greening is an excellent thought leader in the agile world. He has demonstrated that he’s one step ahead of the industry and is willing to tackle the tough challenges. Specifically in my career, I’ve been able extend his ideas on software capitalization and implement it. When I have a need to tackle some tough agile challenges, Dan is among the first I will call upon.
—Chris Sheridan, Director of Agile Center of Excellence, American Express Enterprise Growth
More Information
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