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EITF discusses cloud computing arrangements at January meeting

  • EITF meeting Image

Jan 19, 2018

At its January 18, 2018, meeting, the EITF discussed Issue No. 17-A, “Customer’s Accounting for Implementation, Setup, and Other Upfront Costs (Implementation Costs) Incurred in a Cloud Computing Arrangement That Is Considered a Service Contract.”

The EITF also discussed the FASB staff’s Q&As on the financial reporting effects of the Tax Cuts and Jobs Act.

For a detailed summary of the meeting, see the meeting recap on the FASB's Web site as well as Deloitte’s January 2018 EITF Snapshot.

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