This Hot Topic addresses questions about customers’ accounting for hosting arrangements that are service contracts (i.e. do not contain a software license) after adopting ASU 2018-15.
Mandatory effective dates and early adoption provisions:
Effective date: | Public business entities | All other entities |
---|---|---|
Annual periods – Fiscal years beginning after |
Dec. 15, 2019 |
Dec. 15, 2020 |
Interim periods – In fiscal years beginning after |
Dec. 15, 2019 |
Dec. 15, 2021 |
Early adoption allowed in annual and interim periods? |
Yes |
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