United States

FASB Proposes Guidance for Customer’s Accounting for Cloud Computing Services

Aug 28, 2014
From the Financial Reporting View

This edition of Defining Issues reports that, in response to questions raised by constituents, the FASB recently issued a proposed Accounting Standards Update (ASU) that would provide explicit guidance on whether a customer’s fees paid in a cloud computing arrangement are for the acquisition of a software license, for services, or both.

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