20 May 2021
Configuration and Customisation ('CC') costs in a cloud computing arrangement
The March 2021 IFRS IC update included an agenda decision on Configuration and Customisation (‘CC’) costs in a Cloud Computing Arrangement which was ratified by the IASB in April 2021. The agenda decision includes steps which entities should consider in accounting for such CC costs. This might impact entities that incur or have previously incurred CC costs associated with a Software as a Service (SaaS) cloud arrangement, and might result in a change in accounting policy.
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