GASB 96: SBITA Accounting for the Long Haul
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 us for a current interpretation of GASB 96 as our accounting expert, Abdi Ali takes you through real-life examples of how to account for SBITAs under the new guidance. We will cover the steps companies have taken for GASB 96 adoption and look at what may have gone wrong 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, FinQuery representatives will review how a SBITA accounting solution can simplify the ongoing accounting for, processing of, and reporting on SBITAs for your organization.
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 after transition
- 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
Prerequisites
- None
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 software contracts.
Advanced Preparation
None
Presenters
Abdi Ali
As a former Grant Thornton audit associate, Abdi assisted in the audits of various publicly traded and privately held clients. He also has notable experience as a general ledger accountant. In Abdi’s current role as a Technical Accounting Manager at FinQuery, he demonstrates the product to prospective clients and serves as a resource to current clients looking for guidance on understanding and implementing the new lease standards.
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Date & TimeApr 9, 2024 – 1:00 PM ET |
Course Information
| COST | FREE |
| CREDITS | 1.00 hours |
| SUBJECT AREA | Accounting |
| COURSE LEVEL | Basic |
| DELIVERY METHOD | Online |
Register for this webinar below.
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.