This EY publication discusses how an entity might account for a cloud computing arrangement considering the requirements in IFRS.
IFRS Standards do not contain explicit guidance about a customer’s accounting for cloud computing arrangements, so judgement will be required to account for them.
This EY publication has been updated for the March 2021 IFRS Interpretations Committee agenda decision on costs of configuring or customising a supplier’s application software in a software as a service arrangement that is accounted for as a service.