Accounting for Cloud Computing Arrangements


Accounting considerations related to cloud computing arrangements have seen significant enhancements in recent years through the issuance of certain Financial Accounting Standards Board (FASB) Accounting Standard Updates (ASUs). This course provides an overview of the financial accounting and reporting requirements with respect to cloud computing arrangements, specifically those that do not include a software license but instead are accounted for as service contracts.

Accordingly, this course addresses amendments prescribed by ASU No. 2018-15. The amendments prescribed by this ASU are have been effective for public business entities since for fiscal years beginning after Dec. 15, 2019, and interim periods within those fiscal years. For all other entities, the amendments went into effect for annual reporting periods beginning after Dec. 15, 2020. Entities with interim periods after Dec. 15, 2021 must follow the rules as amended.

Learning Objectives

Upon completion of this course, you will be able to:

  • recognize what is meant by the term "cloud computing arrangements"
  • identify key requirements prescribed by ASUs No. 2015-05
  • differentiate between computer software that is and is not used for internal-use
  • recognize important amendments issued in 2018 by the FASB

Designed For

Certified Public Accountants and other financial advisors with a general familiarity with FASB Accounting Standards


A general understanding of basic financial accounting principles and accounting for software and systems is helpful.

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