Financial Reporting Update 2025  
Accounting for cloud computing arrangements

REPLAY - Watch the June 2025 Financial Reporting Update focused on accounting for cloud computing arrangements.

Cloud computing offers businesses flexible, scalable, and cost-effective solutions for data storage and software applications. However, the complexity of these arrangements can pose challenges in compliance with IFRS, which does not contain explicit guidance on a customer’s accounting for cloud computing arrangements or the costs to implement them. Therefore, an entity will need to apply judgement to account for these arrangements and may need to apply various IFRS accounting standards.

In this session we consider:

• What cloud computing arrangements are

• Key IFRS accounting standards to consider in accounting for such arrangements 

• Practical examples to illustrate the application of judgement that needs to be applied in accounting for cloud computing arrangements

Presenters:

• Marieke Fourie Associate Director, Corporate Reporting Services
• Henco Eksteen Associate Director, Corporate Reporting Services

Marieke is an Associate Director and has served clients across various industries ranging from the mining and telecommunications sectors to the insurance sector. She is the subject matter expert on leases. Marieke enjoys training clients and colleagues on all matters related to IFRS accounting standards and also has an interest in Integrated reporting, having been a member of the EY Integrated Reporting awards organising team for the past 10 years.

Henco is an Associate Director with extensive experience serving clients across diverse industries, particularly in insurance and retail. As a subject matter expert in insurance, he is passionate about educating both clients and colleagues on IFRS accounting standards. Henco holds a Master's degree in Accounting and has a keen interest in technology, innovation, and simplification.