Join the conversation as accounting professionals from LeaseQuery review the criteria for identifying subscription-based IT arrangements, known as SBITAs, under GASB 96. Panelists will discuss lessons learned while applying GASB 96, best practices for SBITA accounting, and detailed examples of how to identify whether or not IT arrangements meet the definition of a SBITA for reporting. Lastly, we will demonstrate how to account for a SBITA using software.

Have a burning question regarding whether or not you have a SBITA? Add your question when you register to be answered during the session.

Learning Objectives

• Review key aspects of the guidance and highlight best practices for successful adoption of GASB 96
• Understand how to evaluate whether a contract is in or out of scope for GASB 96 reporting
• Explore specific examples of common IT subscriptions for school districts and determine if they meet the definition of a SBITA
• Gain access to a SBITA identification tools to help you determine if your IT subscriptions fall within the scope of GASB 96