July 12, 2019
1:00 – 5:00 PM
San Francisco, CA
ASU 2018-15 – Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract (August 2018)
Background
Customers of cloud computing arrangements may obtain a license to internal-use software. Those customers generally recognize an intangible asset for the software license in accordance with the guidance in Subtopic 350-40. A liability may be recognized in case payments for the license are made over time. Other arrangements may not transfer a license to the customer and must be treated as service arrangements and no asset or liability is recognized. The payments are expensed as incurred. ASU 2015-05 clarified the accounting for fees paid by customers of cloud computing arrangements that did not include a license to software. ASU 2018-15 addresses the accounting for implementation costs incurred by customers of cloud computing arrangements that are service arrangements, that is, no asset is recognized by the customer. ASU 2018-15 generally aligns the accounting for implementation costs for cloud computing arrangements that are service contracts with arrangements that include a license to software. This training is designed to help you identify implementation costs that are eligible for capitalization and develop a comprehensive financial reporting approach for cloud computing arrangements.
Agenda
- Service Arrangements and Subtopic 350-40 (Internal-Use Software) Arrangements and ASU 2015-05, Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement
- Rationale, and Hosting Arrangements
- Components of Implementation Costs
- Capitalization and Amortization of eligible implementation Costs Abandonment and impairment Guidance
- Presentation, Disclose, Transition, and Effective Date
WHO SHOULD ATTEND
Accounting, financial reporting, and finance team members from entities that are current and potential customers of hosting arrangements.
Recommended CPE Credits for program: 16 hours; Preparation: None; Level of Knowledge: Intermediate; Field of Study: Accounting; Method of Delivery: Live-Group.
LOCATION
San Francisco, CA
FEES AND DISCOUNTS
Individual registration fee for this four-hour course is $600.
Call for additional discounts for 5 or more from the same company. Also call for information about customized on-site seminars. 727-797-1919.
Discount is available for payment by check – call for details.
REGISTRATION INFORMATION
Seminar begins at 1:00 and concludes at 5:00 PM. Dress is business casual.
FEES, SUBSTITUTIONS AND CANCELLATIONS
The registration fee (or applicable discounted rate) is payable in advance. You will receive confirmation of your registration after we have processed your payment. At the program you will receive a comprehensive course manual, refreshment breaks and lunches (for full day programs). Registrants who notify A. C. Sondhi of their intent to cancel less than 3 days prior to the first day of the program may receive a credit for a future ACS program.
