Your Business Report article on June 7, about accounting for income derived from one’s clients for cloud computing services, refers.
Whilst I don’t want to point a finger at any particular cloud provider as I do not have knowledge of these companies' accounting practices, I do wish to remind people that if one takes the entire contract’s income and profit up front, then one is practising “mark-to-market” accounting, which is what crashed Enron.
David Lipschitz
Milnerton