FASB Exposure Draft – Intangibles – Goodwill and Other – Internal – Use Software (Subtopic 350- 40) : Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract; Disclosures for Implementation Costs Incurred for Internal – Use Software and Cloud Computing Arrangements
Monday, April 30, 2018
The Financial Reporting Committee (“FRC”) of the Institute of Management Accountants (“IMA”) submitted a letter to provide feedback to the Financial Accounting Standards Board (FASB) for its proposed rule on implementation costs incurred in a cloud computing arrangement that is a service contract based on a consensus from the FASB’s Emerging Issues Task Force (EITF).
The Financial Reporting Committee (“FRC”) of the Institute of Management Accountants (“IMA”) submitted a letter to provide feedback to the Financial Accounting Standards Board (FASB) for its proposed rule on implementation costs incurred in a cloud computing arrangement that is a service contract based on a consensus from the FASB’s Emerging Issues Task Force (EITF).
