The software governments rely upon is moving from the desktop to the cloud and must be accounted for differently. GASB 96 defines Subscription-Based IT Arrangements (SBITAs) and establishes uniform accounting for them so government entities can provide their stakeholders with a consistent and transparent view.
Adopting this standard requires implementing a whole new method of accounting, not just updating legacy GASB. Our guide outlines the steps to prepare for the new standard. Fill out the form to download the resource now.