Overview
Navigating the ever-evolving landscape of cloud computing can feel like an attempt to "clear the fog" without a roadmap. This course clarifies ASC 350-40 for CPAs, covering modern cloud types, financial impacts, and implementation costs. It also explores the shift from on-premise software to cloud services and the updated accounting standards (ASUs) from FASB. In addition, it covers the changes from ASU 2025-06 approved in September 2025.
Find this course for your license
License or Certification
Regulator
Type
Learning Objectives
- Recall aspects of the concept and evolution of cloud computing
- Identify key requirements for accounting for implementation costs
- Remember rules for capitalizing implementations costs and for using the appropriate amortization period
- Differentiate between computer software that is and is not used for internal use and recognize proper application of the rules in ASC 350-40, Intangibles-Goodwill and Other- Internal-Use Software
- Identify the changes from the ASU 2025-06 amendments
Designed For:
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Course Information
Adding additional credit may change exam requirements.
| Prerequisites: | 1-2 years accounting experience and/or some familiarity with cloud arrangements accounting |
| Advanced Preparation: | None |
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