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Mr. Andrew Baer, Mr. Kwangwon Lee, and James Tebrake

,000 5,000 Compensation of Employees (non-IT employees) 25,000 5,000 7,000 Operating Surplus, Gross 25,000 2,000 3,000 In the cloud services model we observe a different set of transactions. In this model the IT services firm purchases servers from the IT equipment manufacturer. The accounting firm and wholesaler no longer record a capital outlay, nor do they need to hire labor to manage their servers. Instead, they have a new cloud services expense which records the purchase of cloud services from the IT services firm. The structure