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The 5 major challenges with GASB 96

Phil Collins
Jun 22, 2023

Now is the time to plan for the next significant governmental accounting standard, GASB 96 for subscription-based IT arrangements (SBITAs).  

While the accounting treatments for GASB 87 and GASB 96 have some helpful similarities, GASB 96 is more complex. We discussed five challenges with GASB 96:

  1. Identifying SBITAs
  2. Determining the nature of the arrangement
  3. Identifying, segregating and valuating implementation costs
  4. Disclosure requirements
  5. Expensing versus capitalizing new charges

Author(s)

Phil Collins
CPA, CFE, Senior Manager
Jamison Scarpelli
CPA, Senior Manager

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