myCPE
myCPE

Accounting & Tax for Cloud Computing 1 Credit

Mar 31, 2022, 04:00 PM ET

Accounting & Tax for Cloud Computing 1 Credit

Select your learning mode

  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Attend the live interactive session
  • Answer the polling questions
  • Get your certificate
Mar 31, 2022, 04:00 PM ET

Learning Objective

  • To identify changes to accounting for cloud computing arrangements
  • To recognize the rules for capitalization for GAAP purposes
  • To describe how sourcing of taxable income has changed under proposed Regulation 1.861
  • To recognize the tax implications of cloud computing

Course Overview

Cloud computing is the delivery of different services through the Internet. These resources include tools and applications like data storage, servers, databases, networking, and software.

Cloud computing has become a buzz word in the technology world as small and large entities have been moving to the cloud. Work from home expansion under COVID‐19 further showed the need to access information and tools without being in the office. As a result, cloud computing has been a topic of regulators from both the tax and GAAP side. FASB has issued two standards addressing the accounting for the monthly or annual hosting fee as well as initial upfront costs.

In this online CPE/CE course we will also discuss the tax side, the IRS has issued proposed regulations on the treatment of cloud‐based transactions. In this online continuing education course, we will also look at the impact of sourcing on taxes. This CPE course will keep you up to date with what’s going on in the world of cloud computing from a financial reporting and tax perspective.

Key topics covered in this online CPE webinar:

  • ASU 2015-05
  • ASU 2018-15
  • Implementation Cost
  • Capitalization rule
  • Amortization
  • Subsequent Measurement
  • Impairment & Abandonment
  • Treatment of cloud transactions


Click for more webinars on | Accounting & Auditing |Tax Updates |

Podcast Credits

Short Video Credits

On Demand Credits

Live Credits

Enter your qualification details to ensure this course is counted toward your compliance.

Add your qualification details to easily track your compliance. You can also add multiple qualifications for comprehensive coverage.

Additional Information

Credit

1

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

Pre-requisites

None

Advance Preparation

None

IRS APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering aintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.

About Instructor

Melisa Galasso
Melisa Galasso , CPA (US)

Owner, Galasso Learning Solutions

  • 4.3
  • rating
  • rating
  • rating
  • rating
  • rating

Melisa Galasso, CPA, is the founder of Galasso Learning Solutions LLC. With over 15 years of experience in the accounting profession, Melisa designs and facilitates courses in advanced technical accounting and auditing topics, including not for profit and governmental accounting. She also supports essential professional development, public speaking, and business skills. Melisa closely monitors regulatory bodies for changes in auditing and accounting guidance and serves as a subject matter expert in implementing the updated guidance.

Melisa earned the Association for Talent Development (ATD) Master Trainer™ designation. She is a member of and frequent instructor for the American Institute of Certified Public Accountants (AICPA), the North Carolina Association of Certified Public Accountants (NCACPA), and the Virginia Society of Certified Public Accountants (VSCPA).

Melisa was appointed in 2016 to the AICPA’s Technical Issues Committee (TIC), which is responsible for monitoring the activities of the various accounting and attestation standard-setting boards and submitting comments and recommendations during the due process phase. Melisa is also currently serving on the Board of Directors for the VSCPA. Previously, she served as President of the Board of NCACPA’s Charlotte Chapter, Chair of the A&A Committee for the NCACPA, and held several leadership positions with the VSCPA.

Melisa received the 2013 Women to Watch – Emerging Leader Award from the NCACPA and AICPA. She is a graduate of the 2014 class of the AICPA’s Leadership Academy. In 2016, Melisa was honored as one of the 50 Most Influential Women by the Mecklenburg Times and received the Top 5 Under 35 Award from the VSCPA. She received a 5.0 Speaker award from the NCACPA in 2015, 2016 and 2017. In 2016, Melisa received the Don Farmer Award from the NCACPA for the highest combined average scores on knowledge, skills, and materials from participant evaluations for all courses taught in a technical area. Melisa is a 2017 and 2018 recipient of the AICPA’s Outstanding Discussion Leader award which is given to the top 10% of all AICPA facilitators around the country.

Prior to establishing Galasso Learning Solutions, Melisa worked in public accounting, industry, internal audit, and academia. She received a Bachelor of Science in Business Administration with a concentration in Accounting and International Business from Georgetown University.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Ratings and Review

out of 5

rating rating rating rating rating
1,824 ratings

Excellent

Very Good

Average

Poor

Terrible

MG

Mindy Gregson,

This was undoubtedly one of the best online webinar sessions I have attended so far. Full of amazing learning and engaging at the same time. Melisa is an amazing presenter and I want to come back again to attend more of her classes.

MF

Margaret Frazier, AFSP

FABULOUS JOB

Recommended Courses

Fraud Technical Advisors: An End-Run Around the Case of Tweel?

Dec 12, 09:30 AM ET

  • AFSP
  • CRTP
  • CPA/CFF
  • CFE
  • CPA (US)
  • EA
  • ORTP
  • Maryland Tax Preparer
  • LTC
  • IA LPA
  • ME LPA
  • DE LPA
QuickBooks Online Payroll Tax: Simplified and Efficient

Dec 12, 09:30 AM ET

  • AFSP
  • CRTP
  • CPA (US)
  • EA
  • HRCI
  • ORTP
  • SHRM
  • Maryland Tax Preparer
  • LTC
  • IA LPA
  • ME LPA
  • DE LPA
Converting IRAs to Indexed Universal Life Pros and Cons

Dec 12, 10:00 AM ET

  • AFSP
  • CRTP
  • CPA (US)
  • CFA
  • EA
  • ORTP
  • CPA/PFS
  • TEP
  • ChFC
  • CSA
  • Maryland Tax Preparer
  • CPFA/QPFC
  • FSCP
  • CASL
  • ChSNC
  • RICP
  • WMCP
  • CIPM
  • CFIRS
  • CWS
  • LTC
  • IA LPA
  • ME LPA
  • DE LPA
IRC Section 121 and the Primary Residence

Dec 12, 10:00 AM ET

  • AFSP
  • CRTP
  • CPA (US)
  • EA
  • ORTP
  • CPA/PFS
  • ChFC
  • Maryland Tax Preparer
  • FSCP
  • CASL
  • ChSNC
  • RICP
  • WMCP
  • LTC
  • IA LPA
  • ME LPA
  • DE LPA
Federal Tax Update – Individual & Business Current Developments

Dec 12, 11:00 AM ET

  • AFSP
  • CRTP
  • CPA (US)
  • EA
  • ORTP
  • CPA/PFS
  • ChFC
  • Maryland Tax Preparer
  • FSCP
  • CASL
  • ChSNC
  • RICP
  • WMCP
  • LTC
  • IA LPA
  • ME LPA
  • DE LPA
Practical Guide to IRAs – Contributions & Distributions for Traditional, Roth, SEP & SIMPLE IRAs

Dec 12, 11:00 AM ET

  • AFSP
  • CRTP
  • CFP® (US)
  • CPA (US)
  • CFA
  • EA
  • ORTP
  • CPA/PFS
  • TEP
  • ChFC
  • CLU
  • Maryland Tax Preparer
  • CPFA/QPFC
  • FSCP
  • CASL
  • ChSNC
  • RICP
  • WMCP
  • CIPM
  • CFIRS
  • CWS
  • LTC
  • IA LPA
  • ME LPA
  • DE LPA
  • CAP
Inclusions
  • Multiple Credits
    Multiple Credits

    Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.

  • Certifications & Reporting
    Certifications & Reporting

    We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days - fastest in the industry.

  • Credit Tracker
    Credit Tracker

    Track and manage your compliance across all 50 states and over 100 designations. Our Credit Tracker keeps your CPE credits and compliance requirements always up-to-date.

  • Certificate Vault
    Certificate Vault

    Certificate Vault to upload, manage, and access certificates earned from various sources and an integrated credit tracker, allowing users to monitor and manage their credits conveniently for compliance.

  • Compliance Reminders
    Compliance Reminders

    Stay current with our automated reminder system. Receive timely alerts for your CPE requirements, ensuring you never miss a deadline.

  • Mobile App Access
    Mobile App Access

    The myCPE Mobile App allows you to learn on the go, providing access to educational content on Android and Apple iOS devices. You can learn anytime and anywhere, making it convenient for busy schedules.

  • Live Support
    Live Support

    Our support team is available via live chat, email, and phone from 9 AM to 5 PM ET. We're here to help with any questions or issues, ensuring you have a seamless experience.

Exclusive mobile
app for our unlimited
access subscribers

Add qualification to
view credit details

This course is included with,

Individual Subscription

Gain access to everything required for compliance, skill enhancement, and staying ahead of industry trends—all included in the Individual subscription. Here’s what you get:

  • 13,000+ Hours of NASBA-Approved Content
  • 500+ Emerging Subject Areas
  • 50+ State- Specific Ethics Courses
  • 100+ Conferences with Access to Industry Events
  • 250+ FastTrack Compliance Packages

    Pre-selected courses for quick compliance

  • Exclusive Mobile App Access
  • Access to Professional Communities

    Connect with like-minded professionals on Teams.

Trusted by 250,000+ Professionals

trust pilot review google review
Unlimited Access

Ready to Get Started?

Sign up today and begin your learning journey immediately!

card
stripe
$299$199 For 12 Months
Subscribed
Matthew purchased a subscription.
Subscribed
Sarah purchased a subscription.
Subscribed
ASHRAF purchased a subscription.
Subscribed
Joyce purchased a subscription.
Subscribed
Michele purchased a subscription.
Subscribed
Karlene purchased a subscription.
Subscribed
Robert purchased a subscription.
Subscribed
Angela purchased a subscription.
Subscribed
Vaidehi purchased a subscription.
Subscribed
Anshul purchased a subscription.
Subscribed
CamaLe purchased a subscription.
Subscribed
Marvin purchased a subscription.
Subscribed
Andrew purchased a subscription.
Subscribed
Denice purchased a subscription.
Subscribed
Helen purchased a subscription.
Subscribed
Yue purchased a subscription.
Subscribed
Tyler purchased a subscription.
Subscribed
Natalia purchased a subscription.
Subscribed
Lisa purchased a subscription.
Subscribed
Kevin purchased a subscription.
Subscribed
JonEric purchased a subscription.
Subscribed
Lisa purchased a subscription.
Subscribed
Becky purchased a subscription.
Subscribed
David purchased a subscription.
Subscribed
Darrell purchased a subscription.
Subscribed
Deva purchased a subscription.
Subscribed
MICHAEL purchased a subscription.
Subscribed
Luna purchased a subscription.
Subscribed
Leroy purchased a subscription.
Subscribed
ANDREA purchased a subscription.
Subscribed
Michelle purchased a subscription.
Subscribed
Alyson purchased a subscription.
Subscribed
colby purchased a subscription.
Subscribed
Kent purchased a subscription.
Subscribed
Lan purchased a subscription.
Subscribed
John purchased a subscription.
Subscribed
Simeon purchased a subscription.
Subscribed
Rita purchased a subscription.
Subscribed
R Anilesh purchased a subscription.
Subscribed
Kimberly purchased a subscription.
Subscribed
Lisa purchased a subscription.
Subscribed
Brenda purchased a subscription.
Subscribed
Michael purchased a subscription.
Subscribed
Jenny purchased a subscription.
Subscribed
Larry purchased a subscription.
Subscribed
Anuj purchased a subscription.
Subscribed
Hardik purchased a subscription.
Subscribed
Joseph purchased a subscription.
Subscribed
Gurgen purchased a subscription.
Subscribed
James purchased a subscription.
Subscribed
Ellen purchased a subscription.
Subscribed
Jeremy purchased a subscription.
Subscribed
Xiaoyan purchased a subscription.
Subscribed
james purchased a subscription.
Subscribed
John purchased a subscription.
Subscribed
Drew purchased a subscription.
Subscribed
Jason purchased a subscription.
Subscribed
David purchased a subscription.
Subscribed
Austin purchased a subscription.
Subscribed
Hilbert purchased a subscription.
Subscribed
Michael purchased a subscription.
Subscribed
Brian purchased a subscription.
Subscribed
Ghristy purchased a subscription.
Subscribed
Jill purchased a subscription.
Subscribed
Jessica purchased a subscription.
Subscribed
Yuchu purchased a subscription.
Subscribed
Vivian purchased a subscription.
Subscribed
Danielle purchased a subscription.
Subscribed
Sam purchased a subscription.
Subscribed
CURTIS purchased a subscription.
Subscribed
Abdulla purchased a subscription.
Subscribed
TRACEY purchased a subscription.
Subscribed
Keith purchased a subscription.
Subscribed
Gordon purchased a subscription.
Subscribed
Matthew purchased a subscription.
Subscribed
SVETLANA purchased a subscription.
Subscribed
Patrick purchased a subscription.
Subscribed
Vincent purchased a subscription.
Subscribed
RAN purchased a subscription.
Subscribed
William purchased a subscription.
Subscribed
Tamara purchased a subscription.
Subscribed
Debra purchased a subscription.
Subscribed
Angie purchased a subscription.
Subscribed
Brent purchased a subscription.
Subscribed
Anne purchased a subscription.
Subscribed
Margaret purchased a subscription.
Subscribed
Marlon purchased a subscription.
Subscribed
Nina purchased a subscription.
Subscribed
Uma purchased a subscription.
Subscribed
Tyler purchased a subscription.
Subscribed
Christopher purchased a subscription.
Subscribed
William purchased a subscription.
Subscribed
Mark purchased a subscription.
Subscribed
Mel purchased a subscription.
Subscribed
Kristin purchased a subscription.
Subscribed
Jackie Chi Sun purchased a subscription.
Subscribed
Malia purchased a subscription.
Subscribed
Kyla purchased a subscription.
Subscribed
Jinal purchased a subscription.
Subscribed
Faye purchased a subscription.