This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice ( for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Cloud Computing – AcSB

Date recorded:

At its meeting on June 16-17, 2021, the AcSB continued discussing the identified accounting issues relating to the customer’s accounting for fees paid in a cloud computing arrangement and the accounting for the related implementation costs. The Board discussed factors that could be considered in assessing whether a cloud computing arrangement provides an entity with a software that it can control. The Board considered the guidance in U.S. GAAP as well as other factors that an entity might consider when assessing control of the software in the context of Section 3064, Goodwill and Intangible Assets. The AcSB directed staff to explore a simplification approach that would allow entities the option to expense the costs related to a cloud computing arrangement without having to perform an analysis to identify and evaluate the elements in the arrangement. The AcSB will continue to deliberate the issue of a draft Accounting Guideline at its September 2021 meeting.

Review the Executive Summary on the AcSB's Web site.

Related Topics

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.