GASB 96 Workshop

Participants of the free live webinar will be eligible for 1 CPE credit.

Register

Because of the increased popularity of SBITAs, the GASB issued Statement No. 96, Subscription-Based Information Technology Arrangements (GASB 96) to address the accounting treatment and financial reporting for such.

Follow along during this workshop as LeaseQuery accounting expert and ultimate guide author, Kiley Arnold walks through LeaseQuery’s Ultimate Guide for GASB 96. Kiley will define a SBITA, and take you through real-life examples of how to account for SBITAs under the new guidance.

Kiley will cover the steps to GASB 96 adoption and review how this new standard applies to your organization. She will also point out key factors to look for when beginning, working through, and completing your transition.

If you haven’t done so already, please download LeaseQuery’s free Ultimate Guide for GASB 96 to follow along throughout the workshop.

Learning Objectives

• Obtain an understanding of GASB 96, including how the standard defines subscriptions, and their scoping considerations.
• Learn how to calculate the subscription liability and related subscription asset.
• Review how to properly prepare for and complete the transition to GASB 96.

Prerequisites

• None

Who Should Attend

Accounting and finance professionals from government entities who manage a medium-to-high volume of software contracts will benefit most from this event, along with CPAs who serve clients with a similar volume of software contracts.