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Accounting alert — Software-as-a-Service arrangements

Published on: 26 May 2021

There has been an evolution in the technological architecture of entities across the world. This has resulted in potentially significant accounting changes for entities that have entered into cloud-computing arrangements. The IFRS Interpretations Committee has published two agenda decisions clarifying how arrangements in respect of a specific part of cloud technology, Software-as-a-Service, should be accounted for. This Accounting alert by Deloitte New Zealand has a detailed discussion on these agenda decisions including practical implications for financial reporting (e.g. change in accounting policies), wider business impacts and regulator expectations.


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