REDW Financial Advisors & CPAsFinancial advising, accounting, tax, valuation, and wealth management
If you’re a tribal government entity using subscription-based software, your financial statements will soon be held to a whole new accounting standard: GASB 96 – Subscription-Based IT Arrangements (SBITAs), which was issued in May 2020 by the Government Accounting Standards Board (GASB).
GASB 96 applies to government agencies that currently contract the use of cloud-based accounting and other software, including POS and videoconferencing software (like Teams or Zoom), enrollment software, data backup, remote storage, and cybersecurity tools.
OnDemand webinar covers:
- The key differences and similarities between GASB 96 and 87 (Leases)
- Scope and Effective Dates
- Exclusions
- SBITA Subscription Term
- Subscription Asset and Liability
- Separating Component and Allocation Contract Prices
- Includes a handy GASB 96 Implementation Checklist – download the guide today!
Download the GASB 96 Guide & Request a Complimentary Consultation
And don't miss the conversation that continues on the Insight in Indian Country podcast where host Wes Benally and and guests tackle GASB 96 questions and best practices - unpacking complexities in the new standard so you can comply with confidence.
