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Podcast

Cloud accounting: Dealing with the ever-growing complexity

Part of the For Cloud Professionals podcast series

As cloud adoption soars, so does the complexity of the accounting treatment for cloud. And with the adage that, "Now every company is a tech company" now a near reality, accounting for cloud has never been more important to the bottom line.

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Accounting for cloud—its complexity affects the bottom line

As cloud adoption increases at an ever-faster pace, many organizations are realizing that the only thing as complex as building their perfect cloud solution is ensuring the proper accounting treatment for cloud. In this episode, David Linthicum and Deloitte & Touche senior consultation partner Sandie Kim Kulick discuss the complexities of accounting for cloud. According to Sandie, as cloud implementations evolve, accounting and finance will need to have a detailed understanding of the company’s cloud posture. Companies will also need to continually rethink and revise their accounting treatment for all things cloud—especially those companies that are global and/or those that want to potentially market the apps they develop.

Disclaimer: As referenced in this podcast, “Amazon” refers to AWS (Amazon Web Services) and “Google” refers to GCP (Google Cloud Platform).

For those companies that are becoming more and more tech, they're largely dealing with similar complexities [as tech companies] in determining the right revenue recognition model to apply.Sandie Kim Kulick is a senior consultation partner at Deloitte & Touche, and she provides consultations to audit practitioners and clients on complex accounting issues. She also serves as the lead partner for the National Office revenue recognition team.

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Cloud economics: The new cloud accounting mandate

New changes in accounting rules may provide beneficial accounting treatment for cloud costs. To better navigate the changes, companies may need to put new controls in place and invest in more process automation.

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New accounting rules can bolster cloud’s appeal

The standards that govern accounting for cloud implementation costs are shifting, often with significant benefits for organizations that adopt the technology.

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Put Cloud in context with the future of business and technology

Because cloud is never just about cloud, a podcast about cloud isn’t either. Our two hosts deliver two unique perspectives to help bring you closer to achieving what matters most—your possible.

For Cloud Professionals, hosted by David Linthicum, provides an enterprise-level, strategic look at key issues impacting clients’ businesses. David, ranked as the #1 cloud influencer in a recent Apollo Research report, has published 13 books on computing, written over 5,000 published articles and performed over 500 conference presentations, making his specialization in the power of cloud simply undeniable.

As a pioneer in cloud computing, Mike Kavis leads Architecting the Cloud, which offers insights from the POV of those who’ve had hands-on experience with cloud technology. Mike’s personal cloud journey includes leading the team that built the world's first high-speed transaction network in Amazon's public cloud—a project that ultimately won the 2010 AWS Global Startup Challenge.

With two leaders in your ear, you’ll have the content you need to drive the next conversation around cloud. Check out both talk tracks within the Deloitte On Cloud podcast to get the compelling stories on your schedule to help you understand the topics that are reshaping today’s market.

Contact us at cloud@deloitte.com for information on this or any other On Cloud podcasts.

Or visit the On Cloud library for the full collection of episodes.

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