Accounting for Cloud Computing Arrangements


Internal-use software has evolved considerably over the years. In the past, many companies licensed software which was installed and run locally on their own physical servers. However, many of these arrangements have evolved over time to various types of cloud computing arrangements and "as a service" type offerings. The FASB maintained a focus on this evolving trend and released several important ASUs which impacted the accounting and financial reporting related to cloud computing arrangements. This course provides an overview of these important requirements that have been adopted by all calendar year companies beginning in January 1, 2022.

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.

Advanced Preparation


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