This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Scalability and Integration Challenges Legacy reporting tools often fall short when it comes to scalability and integration with modern technologies. Whether you’ Legacy reporting tools often face challenges when it comes to scalability and integration with modern technologies.
This blog focuses on GASB 96 which applies to subscription-based informationtechnology arrangements (SBITAs) as of June 2022. Any of these entities involved in subscription-based payments for informationtechnology software should be aware of GASB 96. What Do I Have To Disclose Under GASB 96?
Unlike ASC 842 requirements, GASB standards require energy and utility companies to disclose information about their use of leased assets, such as whether they are used for operational or non-operational purposes. The FCC has its own regulations that informationtechnology companies must follow when leasing telecommunications equipment.
One such term that has been gaining attention in recent years, particularly in the context of governmental accounting, is SBITA, which stands for Subscription-Based InformationTechnology Arrangement. Additionally, interest expense should be recognized on the subscription liability, following the effective interest method.
Overview of GASB 96, Subscription-Based InformationTechnology Arrangements (SBITAs) GASB 96 governs how government agencies manage the accounting of technology subscriptions. Get a Demo See how companies are getting live data from their ERP into Excel, and closing their books 4 days faster every month. Privacy Policy.
We organize all of the trending information in your field so you don't have to. Join 57,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content