February, 2025

Remove ibm-expert-information-technology
article thumbnail

What To Do When Your Reporting Solution Reaches End-of-Life

Insight Software

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.

article thumbnail

GASB 96 Summary: Don’t Sweat Over SBITAs

Insight Software

This blog focuses on GASB 96 which applies to subscription-based information technology arrangements (SBITAs) as of June 2022. Any of these entities involved in subscription-based payments for information technology software should be aware of GASB 96. What Do I Have To Disclose Under GASB 96?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Understanding Lease Accounting Standards by Public Industry, Private Industry, and Region

Insight Software

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 information technology companies must follow when leasing telecommunications equipment.

article thumbnail

What Is an SBITA?

Insight Software

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 Information Technology Arrangement. Additionally, interest expense should be recognized on the subscription liability, following the effective interest method.

article thumbnail

What is the Difference Between GASB 87 and GASB 96?

Insight Software

Overview of GASB 96, Subscription-Based Information Technology 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.