New guidance from the FASB may affect certain software-as-a-service arrangements, as well as other cloud computing contracts, as the standard-setter seeks to clarify rules related to how a customer accounts for fees linked to software license elements. However, the new guidance does not prescribe how to account for cloud computing arrangements deemed to be service contracts.
What’s News: Business & Finance
Corrections & Amplifications for the edition of May 1, 2015.
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Comptroller Scott Stringer cites data showing superior performance by more-diverse firms.
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Online eyeglass retailer Warby Parker has raised a fresh round of capital that values it at more than $1 billion and will be used to bolster its expansion of brick-and-mortar stores.
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