• Register
Search Questions / Answers

Welcome to AccountantAnswer Forum, where you can ask questions and receive answers. Although you need not be a member to ask questions or provide answers, we invite you to register an account and be a member of our community for mutual help. You can register with your email or with facebook login in few seconds

Get AccountantAnswer App

Can I capitalize the development of infrastructure on top of cloud software that is not my controlled asset?


If my company makes an up front payment for 3 years of access to cloud software, but has no rights to move the software to anyone but the provider's server and we are not allowed to make changes to the underlying code that is the base software, but we can develop enhanced functionality on top of the software, I think we have capitalizeable access rights, but we do not own a software asset, per se.  If we don't control the underlying asset, does that mean that any enhancements we make to it must be expensed?

asked May 1, 2017 in General IFRS Discussion by anonymous

1 Answer

0 votes
This may help:
http://www.ifrsanswer.com/1466/capitalize-cloud-software-setup-fees-under-ifrs-accounting
answered May 1, 2017 by Mysio Level 5 Member (23,120 points)


...