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Obtain the SBITAS GASB 96 Overview form from the appropriate governing body or website.
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Government entities required to comply with GASB 96 standards.
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Accountants and financial professionals responsible for preparing financial statements for government entities.
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Stakeholders and investors interested in understanding the financial position and activities of government entities.
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SBITAS GASB 96 overview refers to the guidance provided by the Governmental Accounting Standards Board (GASB) regarding the accounting and financial reporting for subscription-based information technology arrangements (SBITAs).
Governmental entities that enter into subscription-based information technology arrangements are required to file the SBITAS GASB 96 overview.
To fill out the SBITAS GASB 96 overview, entities must gather information about their subscription contracts, including terms, payments, and the nature of services provided, and then report this information in accordance with GASB standards.
The purpose of the SBITAS GASB 96 overview is to provide a framework for governmental entities to recognize and disclose information about subscription-based IT arrangements for better transparency and accountability.
Entities must report information such as the terms of the subscription agreements, payment obligations, and the nature of the services received under GASB 96 guidelines.
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