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In fact, a recent Gartner report on cloud expenditure found that cross-industry cloud spend has risen from 8% as a percentage of total IT spend in 2018 to 16% in 2022. Worldwide spending on public cloud services is expected to grow by 21.7% What are the best practices for analyzing cloud ERP data?
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This blog focuses on GASB 96 which applies to subscription-based information technology arrangements (SBITAs) as of June 2022. GASB 96 is required to be adopted for fiscal years starting after June 15, 2022. GASB 87 applies to most lease types and is covered in more detail here. What Is GASB 96? Earlier adoption is also permitted.
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