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What is good about the new standard

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Reference no: EM132187785

Question: Topic: No. 2018-15 August 2018 Intangibles Goodwill and Other Internal-Use Software (Subtopic 350-40) Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract

The steps which students ought to follow in preparing their recommendation to the client are as follows:

1. Research the issues and accumulate relevant points for the Recommendation Letter to the client.

2. Prepare the Recommendation Letter 2-3 pages.

3. Prepare PowerPoint slide presentation of the relevant questions and issues reflected in the Recommendation Letter.

4. Record the presentation by all group members using zoom and one group member save the presentation as an mp4 file. Upload the PowerPoint slides, Comment Letter, and mp4 file to blackboard.

What is good about this new standard?

What is bad about this new standard?

Should the client implement this new standard/Is it worth it?

Reference no: EM132187785

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