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Business Risk Services
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Corporate Finance and Deal Advisory
We offer a dedicated team of experienced individuals with a focus on successfully executing…
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Economic Advisory
Our all-island Economics Advisory team combines expertise in economics and business with a…
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Forensic Accounting
We have a different way of doing business by delivering real insight through a combination of technical…
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People and Change Consulting
The Grant Thornton People & Change Consulting practice works with clients on these issues as well as on all…
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Restructuring
We work with a wide variety of clients and stakeholders such as high street banks, private equity funds,…
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Technology Consulting
Motivating and assisting our clients to pursue, maintain and secure the benefits of digital solutions is at the…
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Corporate and International Tax
Northern Ireland businesses face further challenges as they operate in the only part of the UK that has a…
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Employer Solutions
Our team specialises in remuneration and incentive planning and works closely with employers,…
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Entrepreneur and Private Client Taxes
Our team of experienced advisors are on hand to guide you through any decision or transaction ranging…
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Global Mobility Services
Grant Thornton Ireland offer a different approach to managing global mobility. We have brought…
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Outsourced Payroll
Our outsourced service provides valued service to over 150 separate PAYE schemes. These ranging from…
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Tax Disputes and Investigations
Our Tax Disputes and Investigation team is made up of tax experts and former HMRC investigators who…
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VAT and Indirect Taxes
At Grant Thornton (NI) LLP, our team helps Northern Ireland businesses manage their UK and global…
Configuration or customisation costs in a cloud computing arrangement
17 Nov 2021What’s the issue?
The International Financial Reporting Interpretations Committee (IFRIC), received a request addressing how a customer should account for costs of configuring or customising a supplier’s application software in a Cloud Computing or Software as a Service (SaaS) arrangement. Significant diversity in practice had developed and the IFRIC determined it was appropriate for an agenda decision to be issued.
The IFRIC determined sufficient guidance exists within the relevant accounting standards and therefore no amendments to accounting standards were required. The rationale for arriving at this conclusion, which forms part of the interpretation of IFRS, is set out in the agenda decision.
Our ‘IFRS Viewpoint’ series provides insights from our global IFRS team on applying IFRS in challenging situations. Each edition will focus on an area where the Standards have proved difficult to apply or where there is a lack of specific guidance.
