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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.
Business agility means having the capability to “turn on a dime” at low cost and with low risk, to drive innovation, respond to market changes, and overcome the competition. In any enterprise that depends heavily on information systems, business agility is not possible without technical agility.
This blog focuses on GASB 96 which applies to subscription-based informationtechnology arrangements (SBITAs) as of June 2022. You should recognize amortization of the discount on the subscription liability as an outflow of resources (for example, interest expense) in subsequent financial reporting periods.
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. The amortization expense should be recognized as an outflow of resources (expense) in the statement of activities.
Think of GASB 87 as the go-to for lease-related accounting, while GASB 96 is all about accounting for those IT services you get through a subscription. 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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