Technical Line - FASB issues guidance on accounting for implementation costs in cloud computing arrangements

6 Sep 2018 PDF
Subject AccountingLink
Publications Technical Line


Our Technical Line highlights key accounting and financial reporting implications of the new standard that requires a customer in a cloud computing arrangement that is a service contract to follow the internal-use software guidance in ASC 350-40 to determine which implementation costs to capitalize as assets or expense as incurred. Early adoption is permitted for all entities.

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