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GASB 96: SBITA Accounting for the Long Haul

Calendar Icon Thursday, September 19
Calendar Icon1 P.M. ET
Level
Basic
Subject
Accounting
Cost
Free
CPE Credits
1.00 hour

Learning Objectives

  • Obtain an understanding of GASB 96, including how to calculate the subscription liability and related subscription asset
  • Learn how to prepare your organization for efficient and accurate SBITA accounting under GASB 96
  • Identify potential risks to be aware of when using Excel for ongoing GASB 96 accounting
  • Explore the benefits and overlap of SBITA accounting and software monitoring applications and their features

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Meet the Speaker

Jaron Moss

Course Description

GASB issued Statement No. 96, Subscription-Based Information Technology Arrangements (SBITAs) (GASB 96) to address the accounting treatment and financial reporting for SBITAs.

Join one of FinQuery’s accounting experts, Abdi Ali, for a clear and practical interpretation of GASB 96. Through real-life examples, you’ll learn how to confidently account for SBITAs under the new guidance. We’ll also share insights from companies that have successfully adopted GASB 96, and discuss how to avoid common pitfalls when opting to use Excel for your initial SBITA transition.

Our presenter will then walk through how the right software can support internal controls, improve efficiency, and provide cost-saving benefits to your organization’s GASB 96 accounting. Finally, attendees will learn how a dedicated SBITA accounting solution can simplify the ongoing accounting for, processing of, and reporting on SBITAs for your organization.

What Covered

CPE Details

Details

Program Level: Basic
Prerequisites: None
Advanced Preparation: None
Delivery Method: Online
Recommended CPE Credit: 1.00 Hour
Field of Study: Accounting

Who Should Attend

Accounting professionals from government entities who manage a medium-to-high volume of subscription-based IT arrangements and/or software contracts will benefit most from this event, along with CPAs who serve government clients with a similar volume of SBITAs and/or software contracts.

Sponsor Statement

FinQuery, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBAregistry.org. For more information regarding administrative policies such as complaints, please contact CPEinfo@finquery.com.

Program Cancellation Policy

If a program is cancelled, FinQuery will notify registrants via the email address that they used to register for the program.