All articles in this category pertain to GASB 96. The new GASB standard focuses on government accounting for subscription-based information technology arrangements, or SBITAs. There are no previous standards that cover SBITAs under GASB. When GASB 87 was created, it covered lease arrangements, but it excluded intangible assets. After the realization that GASB 87 and GASB 51 didn’t cover SBITA contracts, GASB created GASB 96.
Learn more about GASB 96 below.