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As far as computer and informationtechnology occupations go, security awareness training is a key starting point for anyone interested in the bright future that this sector offers. According to IBM, a singular data breach can cost organizations over $3 million, which is a significant increase compared to the mid-2010s.
Rick Blaisdell – Chief Technology Officer at Motus, LLC, Cloud Expert . Rick is a well experienced CTO who can offer cloud computing strategies and services to reduce IT operational costs and thus improve the efficiency. He guest blogs at Oracle, IBM, HP, SAP, SAGE, Huawei, Commvault, Equinix, Cloudtech.
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. This allows governments to utilize advanced IT capabilities without the need to invest in costly hardware and software.
This blog focuses on GASB 96 which applies to subscription-based informationtechnology arrangements (SBITAs) as of June 2022. GASB 96 is a set of accounting standards defining SBITAs for government end users. It governs the accounting and financial disclosure of cloud-based software subscription payments.
Theyre also shaking things up in terms of how government agencies need to present their financial statements, including footnote disclosures. Overview of GASB 96, Subscription-Based InformationTechnology Arrangements (SBITAs) GASB 96 governs how government agencies manage the accounting of technology subscriptions.
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