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The deadline to implement GASB Statement 96, Subscription-Based Information Technology Arrangements (SBITA), has arrived. The standard defines a SBITA, establishes that a SBITA would result in a right-to-use asset and a corresponding liability, provides capitalization criteria, and requires new note disclosures. This article provides details on the guidance, including recent updates.
FASB has approved narrowly focused accounting guidance for certain digital assets with a final ASU expected in the fourth quarter. Read on…
GASB has approved the release of its 2023 Implementation Guide, which primarily addresses unresolved questions on leases and SBITAs. Read…
Brush up on GASB standard setting from July 2022 to June 2023, along with updates on outstanding exposure drafts and ongoing projects.
The SEC recently assembled a host of industry participants to discuss various topics on municipal securities disclosures. Read on for…
GASB Statement 91, Conduit Debt Obligations, establishes consistent recognition, measurement, and disclosure between governments. Read on…
Read on for details on GASB’s proposed updates for its 2023 Implementation Guide, which primarily address unresolved questions on leases…