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 ...

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 ...

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 ...

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 ...

Like many of its customers, Sage is undergoing a reinvention. For a variety of reasons, most small businesses balk at turning over control of their applications and data to the cloud; they happily run ...

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 ...

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 ...

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 ...