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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.
Brush up on GASB standard setting from June to December 2022, along with updates on outstanding exposure drafts and ongoing projects.
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…
Read on for a look at determining the discount rate in GASB 87, Leases, which will be a significant area of judgment for governments.
Read on for a look at upcoming changes to Public-Private Partnership accounting (GASB 94), including several recent updates to help with a…
Check out our helpful ideas for identifying a complete population of arrangements covered by Statement 87, Leases.