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.

Customer’s accounting for fees in a cloud computing arrangement

The objective of this project is to improve the guidance about how a customer should account for its fees paid in a cloud computing arrangement.

 

Meeting minutes

  • February 18, 2015 — The Board discussed constituents’ feedback on its proposal on fees paid in a cloud computing arrangement.
  • June 18, 2014 — The Board discussed the development of an exposure draft.
  • April 28, 2014 — The Board decided to add this project to its agenda.

 

Current status

The FASB issued Accounting Standards Update (ASU) 2015-05, Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement, on April 15, 2015.

 

Project milestones

DateDevelopmentsComments
April 28, 2014 Added to the FASB's agenda.
August 20, 2014 Proposed ASU, Intangibles — Goodwill and Other — Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement. Comment deadline November 18, 2014.
April 15, 2015 FASB Accounting Standards Update No. 2015-05, Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement. Effective December 15, 2015, for public entities.

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.