FASB issued a proposed Accounting Standards Update (ASU) on Thursday that would clarify the accounting for implementation costs related to a cloud-computing arrangement that is a service contract. The proposal also would add new disclosure rules for implementation costs for internal-use software and cloud-computing arrangements.
Microsoft́s commercial cloud revenue for its fiscal third quarter of 2018 was $6 billion, increasing 58 percent year over year. As part of its commercial cloud business, its Azure cloud service revenue grew a whopping 93 percent in the quarter, compared to the same quarter the previous year.
https://utilitybuzz.com/wp-content/uploads/move-your-small-business-to-the-cloud.jpg9781465Editorial Staffhttp://utilitybuzz.com/wp-content/uploads/logotext_utilitybuzz_v1_white.pngEditorial Staff2018-04-30 01:30:022018-09-11 01:40:59Microsoft Beats AWS in Cloud Revenues for the First Quarter of 2018
FASB addresses accounting for implementing certain cloud-computing arrangements
Accounting, Cloud, FeaturedFASB issued a proposed Accounting Standards Update (ASU) on Thursday that would clarify the accounting for implementation costs related to a cloud-computing arrangement that is a service contract. The proposal also would add new disclosure rules for implementation costs for internal-use software and cloud-computing arrangements.
Microsoft Beats AWS in Cloud Revenues for the First Quarter of 2018
Accounting, Cloud, FeaturedMicrosoft́s commercial cloud revenue for its fiscal third quarter of 2018 was $6 billion, increasing 58 percent year over year. As part of its commercial cloud business, its Azure cloud service revenue grew a whopping 93 percent in the quarter, compared to the same quarter the previous year.