BST & Co. | Accounting, Business Advisory, and Management Consulting

Unraveling financial reporting changes: GASB 96 and its impact on SBITAs in the middle market

LIVE WEBCAST | August 09, 2023

Authored by RSM US LLP

Event overview

Are you ready to navigate the evolving landscape of financial reporting in the public sector? Join our highly informative webcast as we delve into the impact of Governmental Accounting Standards Board (GASB) Statement No. 96 on subscription-based information technology arrangements (SBITAs) within the middle market. Gain critical insights and strategies to unlock success in this changing environment.

During this webcast, RSM professionals will guide you through the key aspects of GASB 96, shedding light on the accounting treatment and reporting guidelines for SBITAs. Discover how this standard transforms the way government entities capitalize and disclose these arrangements, ultimately affecting financial statements.

We will explore the implications of GASB 96 on businesses operating in the middle market, examining the challenges and opportunities that arise. Learn how to effectively navigate the capitalization requirements, optimize amortization strategies and ensure compliance with the new disclosure rules.

Presenters

Ashley Alejos | Partner | RSM US

Michelle Horaney | Partner | RSM US

Learning objectives

Upon completion of this webcast, attendees will be able to:

Explain the key provisions of GASB 96 and its applicability to subscription-based IT arrangements (SBITAs), including cloud computing services, SaaS and PaaS.
Discuss the classification criteria for these arrangements based on the nature of the agreement, control and rights granted.
Understand the accounting treatment, recognition and reporting requirements for SBITAs.

CPE credits

CPE credit available
RSM US LLP is pleased to offer 1.0 CPE credits for attending each webcast. To qualify, you must log in to the webcast and provide your first name, last name and email address. You must remain logged in for a minimum of 50 minutes and answer 75 percent of the polling questions to receive credit. Group CPE is not available. For more information regarding administrative policies, such as refunds, cancellations and complaints, please contact us.

RSM US LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have the final authority on the acceptance of individual course for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Advance preparation: None
Program level: Basic
Prerequisites: None
Delivery method: Group internet-based
Field of study: Accounting
CPE: 1.0 credits per webcast

Event details

Date and time
Wed, Aug 09, 2023
1 p.m. EDT | Noon CDT

Intended audience
Tax, accounting and finance executives

Duration
60 minutes

CPE credits
One CPE credit will be issued to eligible participants

Fee
Complimentary

RSM US Alliance provides its members with access to resources of RSM US LLP. RSM US Alliance member firms are separate and independent businesses and legal entities that are responsible for their own acts and omissions, and each is separate and independent from RSM US LLP. RSM US LLP is the U.S. member firm of RSM International, a global network of independent audit, tax, and consulting firms. Members of RSM US Alliance have access to RSM International resources through RSM US LLP but are not member firms of RSM International. Visit rsmus.com/about us for more information regarding RSM US LLP and RSM International. The RSM logo is used under license by RSM US LLP. RSM US Alliance products and services are proprietary to RSM US LLP.

BST & Co. is a proud member of the RSM US Alliance, a premier affiliation of independent accounting and consulting firms in the United States. RSM US Alliance provides our firm with access to resources of RSM US LLP, the leading provider of audit, tax and consulting services focused on the middle market. RSM US LLP is a licensed CPA firm and the U.S. member of RSM International, a global network of independent audit, tax and consulting firms with more than 43,000 people in over 120 countries.

Our membership in RSM US Alliance has elevated our capabilities in the marketplace, helping to differentiate our firm from the competition while allowing us to maintain our independence and entrepreneurial culture. We have access to a valuable peer network of like-sized firms as well as a broad range of tools, expertise and technical resources.

For more information on how BST & Co. can assist you, please call (518) 459-6700.