Focus on Colleges & Universities: Cloud Computing Fees Impact on Higher Education
On April 15, 2015, FASB issued Accounting Standards Update 2015-05, Intangibles
– Goodwill and Other – Internal-Use Software (Subtopic 350-40):
Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement,
as part of its simplification initiative to reduce the diversity in
practice, and to reduce the costs and complexity of assessing fees paid
in a cloud computing arrangement (CCA).