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150+ Top Global Cloud Thought Leaders and Next Generation Leaders of 2021

Whizlabs

He guest blogs at Oracle, IBM, HP, SAP, SAGE, Huawei, Commvault, Equinix, Cloudtech. The engineering team he leads is responsible for building and maintaining Microsoft Azure, Dynamics 365, Windows/Windows Server, HoloLens, Visual Studio/Visual Studio Code, GitHub, SQL Server, and Power BI. . Maximiser, Miller Heiman and more.

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What Is an SBITA?

Insight Software

In the world of accounting and finance, acronyms and abbreviations are commonplace. 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.

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What is the Difference Between GASB 87 and GASB 96?

Insight Software

Additionally, the Statement of Revenues, Expenditures and Changes in Fund Balances needs to reflect the depreciation expense on the right-of-use asset and the interest expense on the amortization of the corresponding liability, like it would for finance leases. GASB 96: Focuses on subscriptions for intangible IT resources.

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

Insight Software

Lease accounting requirements for finance/capital leases and operating leases vary from industry to industry and by region. Manufacturing The manufacturing industry is one of the largest users of industrial equipment, which means that there are a large number of finance and operating leases.

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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?