What finance professionals needto know about FASB standards.
A recent rule change by the Financial Accounting Standards Board (FASB) regarding how to account for the costs of transitioning computing to the clouds has prompted many questions. What are the best ways to recognize the economic benefits of cloud? How should you account for training and data migration? What are the consequences of non-compliance?
Here are the basics of what you need to know about the FASB’s cloud computing cost update.