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.
GASB 96 – What You Need to Know
GASB • October 17, 2022
Check out what you should know for implementing the now-effective GASB Statement 96, Subscription-Based Information Technology Arrangements, including recent updates.
