GASB Statement No. 96, Subscription-Based Information Technology Arrangements (SBITA), is in effect for fiscal years beginning after June 15, 2022. This episode will focus on GASB 96, its implementation and next steps for governments to take.

Scott Anderson, a Director on Cherry Bekaert’s Government & Public Sector (GPS) team who has recently returned from his GASB fellowship, sat down with Danny Martinez, Government & Public Sector Accounting Advisory Lead, to discuss GASB 96 and the implementation process.

Part of our GPS podcast series, this episode covers:

• Important considerations for beginning the SFASS 54 implementation process
• Definition of SBITA
• Similarities to and differences from GASB 87, Leases
• Connection to the recent exposure draft
• Early challenges
• Implementation process

If you have any questions specific to your business needs, Cherry Bekaert’s Government & Public Sector team is available to discuss your situation with you.

Related Resources:

• Article/Alert: GASB 96 (in progress)
• Podcast: GASB Hot Topics and Accounting Standards Update
• Webinar: GASB Updates for the Government & Public Sector

View all podcasts in this series

View All Podcasts in this Series