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Accounting & Tax for Cloud Computing

Accounting & Tax for Cloud Computing

1 Credit


Subject Area


Webinar Qualifies For

1 CPE credit of Accounting for all CPAs

1 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ )

1 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273)

1 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

1 CPE credit for Certified Management Accountants (CMA)

1 CE credit of Federal Tax for Maryland Tax Preparers

1 CE credit of Federal Tax for Oregon Tax Preparers

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

You need to register for the webinar to watch the video.

Click Here to Register

Before starting this self study program, please go through the instructional document.

The topic is also scheduled as live webinar on the following dates

Oct 28, 2021 | 10:30 AM EDT Register


  • ASU 2018-15
    6 mins
  • The Problem
    10 mins
  • Presentation Cont'd
    17 mins
  • A quick word about proposed Regs
    28 mins
  • Factors to Consider - Lease or Service
    40 mins

Course Description

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 |

Learning Objectives

  • 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

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Practice Owners
  • Certified Management Accountant
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial Accountant
  • Senior Accountant
  • Staff of Accounting Firm
  • Young CPA