GASB 96, Subscription-Based Information Technology Arrangements (SBITA) is effective for years beginning after June 15, 2022, just one year after GASB 87, Leases. While some governments expect that GASB 96 will be a breeze compared to leases, early indications are showing that the volume of SBITAs to be evaluated will far exceed the population of leases for many governments. This course will help government finance and accounting professionals learn the unique challenges they will encounter with GASB 96 and what aspects of their GASB 87 experience will be relevant for making the implementation process as smooth as possible.
Learning Objectives
- Understand the definition of a SBITA for purposes of applying GASB 96
- Understand the types of subscriptions that fall within the scope of the standard
- Learn some of the challenges specific to implementing GASB 96 that were not experienced during the implementation of GASB 87
- Understand how to plan a realistic GASB 96 implementation timeline
