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SB ITA For Internal Use Only Clint Independent School District Professional Services Contract Routing FormYesNoN/INTERNAL USE ONLY: Please remove this page before sending contract to the vendor for

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How to fill out gasb statement no 96

01

Familiarize yourself with the requirements of GASB Statement No. 96, which pertains to accounting and financial reporting for certain exchange transactions.

02

Obtain all relevant documentation and information related to the exchange transactions that need to be reported in the statement.

03

Identify the specific accounting treatment required for each exchange transaction as per the guidelines provided in GASB Statement No. 96.

04

Fill out the necessary forms and schedules, providing detailed information and explanations for each exchange transaction as required.

05

Review and validate the completed GASB Statement No. 96 for accuracy and adherence to the reporting requirements.

06

Submit the filled out GASB Statement No. 96 to the relevant authorities or stakeholders as per the specified deadlines.

Who needs gasb statement no 96?

01

Entities that engage in exchange transactions and are required to comply with GASB reporting standards.

02

Government agencies and organizations that are subject to GASB regulations and guidelines for financial reporting.

03

Financial auditors and stakeholders who rely on accurate and transparent financial information for decision-making purposes.

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What is gasb statement no 96?

Gasb statement no 96 is a standard issued by the Governmental Accounting Standards Board that addresses the accounting and financial reporting for subscription-based information technology arrangements.

Who is required to file gasb statement no 96?

Governmental entities that enter into subscription-based IT arrangements are required to file gasb statement no 96.

How to fill out gasb statement no 96?

Gasb statement no 96 should be filled out following the guidelines and instructions provided by the Governmental Accounting Standards Board.

What is the purpose of gasb statement no 96?

The purpose of gasb statement no 96 is to improve financial reporting for subscription-based IT arrangements in governmental entities.

What information must be reported on gasb statement no 96?

Gasb statement no 96 requires reporting of the terms of the subscription-based IT arrangements, including costs incurred and benefits received.

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