Without a direct connection between your lease accounting software and your ERP system, data must be manually transferred between the two systems, increasing the risk of errors, inconsistencies, and delays. This can significantly impact the accuracy and reliability of...
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Jonathan Grimes, a Support Department Manager at FinQuery, holds both a Bachelor of Science degree from LaGrange College as well as a Master's degree in Professional Accountancy from Georgia State University. As the leader of a team of reporting specialists, he possesses extensive experience in delivering accurate financial reports and journal entries. Jonathan's specialization in lease accounting guidance across FASB, IFRS, and GASB standards has enabled him to successfully resolve complex accounting challenges and provide expert support to clients, having guided dozens of accounting teams through complex lease accounting transitions. He is known for his patient and thorough approach to client support, ensuring that even the most complex accounting questions are answered clearly and effectively. His commitment to client success is further exemplified by his dedication to developing and delivering comprehensive training programs for accountants.
GASB 96 Explained: Accounting for Subscription-Based IT Arrangements with Calculations and a Full Example
1. Scope SBITA defined Exemptions 2. Recognition and measurement of a SBITA Subscription liability Subscription asset Outlays other than subscription payments Disclosure requirements 3. SBITA accounting example Terms Additional costs evaluation Calculation of...