Week 5 | ACC 577 Comprehensive Financial Accounting | Strayer University

 

To successfully complete this week’s discussion, you will need to use the Strayer University Library to research the accounting treatment for cloud computing software purchases.

Consider this scenario: Your company is interested in using cloud computing from a third-party vendor for all of its software purchases. Your boss wants you to make a recommendation about the accounting treatment of software purchased through a cloud environment.

 Recommend the primary way you would properly account for the related costs.