The Financial Accounting Standards Board issued a proposed accounting standards update Thursday aimed at improving how to account for the costs of implementing cloud computing. The proposed update ...

It was just a few years ago that cloud-based accounting software was a rarity, and there were numerous skeptics who were certain that it was just a fad. They were wrong. Today, accounting and other ...

Many companies and accounting firms have been focusing on new standards on revenue recognition and accounting for leases, hedging, and credit losses. But another new FASB standard — on cloud computing ...

Cloud computing refers to transactions performed over the Internet. The practice does not require you to install software in your computer or own a server. A cloud ...

With improvements to security and functionality, cloud computing is starting to play a central role in the way accountants deal with small- to -medium-sized enterprise (SME) clients. Addressing an ...

An international accounting ruling is set to shake up the end of financial year results for companies that implemented cloud computing supplier arrangements, potentially hitting IT budgets for next ...

NORWALK, Conn.--(BUSINESS WIRE)--The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) that reduces complexity for the accounting for costs of implementing ...