As part of its due process, the FASB issues exposure drafts, discussion papers and other project documents for stakeholder review and input. This project page includes various milestones related to the FASB’s project on cloud computing.
New ASU on customers’ accounting for implementation costs in cloud computing arrangements (CCAs)
The EITF decided that implementation costs incurred by customers in CCAs should be deferred if they would be capitalized by the customer in a software licensing arrangement under the internal-use software guidance
KPMG reports on the FASB’s proposed ASU on customers’ accounting for cloud computing implementation costs.
KPMG reports on the EITF’s deliberations on the accounting for implementation costs incurred in a cloud computing arrangement (i.e. a hosting arrangement) that does not contain a software license