IBM Expert IBM Support Information Technology 
Insight Software
FEBRUARY 7, 2025
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?
Insight Software
FEBRUARY 7, 2025
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. This allows governments to utilize advanced IT capabilities without the need to invest in costly hardware and software.
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Insight Software
FEBRUARY 7, 2025
However, they must also disclose information about how they use their leased assets, such as whether they are used for patient care or administrative purposes. Information Technology The information technology industry encompasses a wide range of businesses, such as software companies, computer manufacturers and telecommunications providers.
Insight Software
FEBRUARY 7, 2025
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 Information Technology Arrangements (SBITAs) GASB 96 governs how government agencies manage the accounting of technology subscriptions.
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