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Global IFRS webcast: What to know about cloud computing costs — replay
In the replay of this webcast, hosted by Global IFRS, panelists discuss the requirements for evaluating a cloud computing arrangement.
This webcast, hosted by Global IFRS, will provide participants with an overview of how an entity, that is a customer, might account for a cloud computing arrangement. This includes the costs to implement the arrangement and the requirements in the various IFRS Standards that an entity needs to consider.
It will also remind participants of the IFRS Interpretations Committee agenda decisions on Customer’s Right to Receive Access to the Supplier’s Software Hosted on the Cloud (IAS 38 Intangible Assets), issued in March 2019, and Configuration or Customisation Costs in a Cloud computing Arrangement (IAS 38 Intangible Assets), issued in March 2021, and provide examples of disclosures from financial statements of companies who have applied those agenda decisions.
Join our panel of technical professionals for a discussion including:
- The common types of cloud computing arrangements
- The requirements for evaluating whether a cloud computing arrangement contains a lease under IFRS 16 Leases
- The requirements for evaluating whether a cloud computing arrangement includes an intangible asset under IAS 38 Intangible Assets
- Considerations for accounting for fees and implementation costs incurred for a cloud computing arrangement that includes an intangible asset under IAS 38
- Considerations for accounting for fees and implementation costs incurred for a cloud computing arrangement that does not include an intangible asset under IAS 38
