The Financial Accounting Standards Board issued a proposed accounting standards update Thursday aimed at improving how to account for the costs of implementing cloud computing. The proposed update ...

During the meeting, PCC members confirmed that accounting for implementation costs in a cloud computing arrangement is a prevalent issue for private companies. A PCC member also recommended FASB ...

The Financial Accounting Standards Board (FASB) changed a rule in December that will make it harder to capitalize the cost of cloud set-up and implementation expenses, a change that may encourage some ...

New accounting rules may not be on the cloud deployer’s Top 10 list these days, but they mean more than you think Where do I get my cloud news? It’s almost never CPA Journal. But, more and more, ...

With improvements to security and functionality, cloud computing is starting to play a central role in the way accountants deal with small- to -medium-sized enterprise (SME) clients. Addressing an ...

Companies like Microsoft, Salesforce and Amazon are far from the only companies staking their futures on cloud computing these days. Online small business accounting software vendor Intacct, for one, ...

NORWALK, Conn.--(BUSINESS WIRE)--The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) that reduces complexity for the accounting for costs of implementing ...

FASB issued a proposed Accounting Standards Update (ASU) on Thursday that would clarify the accounting for implementation costs related to a cloud-computing arrangement that is a service contract. The ...

Cloud-enabled computing is more important than ever for finance and accounting teams. With these functions now needing to be performed easily from home or otherwise remotely, this year's pandemic has ...

FASB issued a new standard Wednesday that is designed to reduce complexity for the accounting for costs of implementing a cloud computing service arrangement. The guidance is published in Accounting ...