ABA Supports FASB Proposal Allowing Banks to Capitalize New Cloud System Costs

in Finance & Accounting, News & Views / by Newsfeed /

(Source: ABA Banking Journal ) In a comment letter to the Financial Accounting Standards Board today, the American Bankers Association offered support for a proposal that would allow companies to capitalize certain implementation costs relating to new systems that operate on cloud technology. Under current accounting practices, depending on the …

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