What Are Accounting Challenges in Cloud Computing Arrangements
Many companies are migrating to cloud-based computing arrangements (CCAs). Under these arrangements, companies use and access software through the internet. The software is hosted by the software vendor on its own servers.
License or Service Contract?
As CCAs have grown in popularity, a number of accounting issues have surfaced. In this course, we’ll focus on the accounting decision tree that companies should apply in accounting for CCAs, including determining whether an arrangement should be accounted for as a license or service contract, and how to record the typical implementation costs associated with the initial set-up and configuration of the cloud-based software. Mr. Ehrlich will also discussed a proposed ASU that will cover cost incurred for implementation of a cloud computing contract.
Who Should AttendCPAs in public or private practice and corporate finance staff.
Instructional MethodGroup: Internet-based
NASBA Field of Study
Accounting (1 hour)