ACT 300- GASB 96, In-Person & Virtual

GASB 96, Subscription-Based Information Technology Arrangements (SBITAs)

This training session focuses on the Governmental Accounting Standards Board (GASB) Standard 96, Subscription-Based Information Technology Arrangements (SBITAs).  This GASB was implemented in FY2023 and requires extensive agency involvement for each subsequent fiscal year.  The goal of this training is to provide agencies with the knowledge and tools necessary to accurately and completely report on GASB 96.  This training is for all CFOs and SBITA contacts who are required to report SBITA information to SAO.  This training will cover what is a SBITA, how to calculate the asset and liability values of a SBITA, how to report changes to a SBITA in subsequent years, how it affects the financial statements, the quarterly and annual reporting requirements, and the recommended internal review process.  Register for this class here.