Monitoring and accounting of tangible and intangible assets in cloud IT service companies

Cloud computing technology is a technology that has been constantly developing and keeping up to date in recent years. Thanks to cloud computing services, personal computers connect to remote servers and provide convenience for businesses to meet their needs. Companies serving in the cloud computing sector; acquire tangible and intangible assets to offer software, hardware and hybrids. In this study, an exemplary business operating on cloud computing technology is examined in terms of TMS and TFRS. In terms of TMS-16 Tangible Fixed Assets and TAS-38 Intangible Assets standards, it is about how the companies providing cloud computing services should make the accounting records of their tangible and intangible assets, and finally, TFRS-15 Revenue from Customer Contracts and TFRS -16 Information is given on how to make accounting records according to the lease standards.