GASB 96 - SBITAs
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The Governmental Accounting Standards Board (GASB) issued Statement No. 96 Subscription Based Information Technology Arrangements (SBITAs) which establishes a definition for SBITAs and provides uniform guidance for accounting and financial reporting of transactions that meet that definition. All Software Contracts meeting GASB 96 Criteria must report a liability and an intangible right to use asset. Examples of SBITAs include software such as Zoom, Office 365, DocuSign, etc. |
| GENERAL INFORMATION |
| GASB 96 New SBITA Questionnaire |
| The GASB 96 questionnaire is required to be completed by each UGA department that enters into a contract for a Subscription Based Information Technology Arrangement (SBITA). A SBITA is defined as a contract that conveys control of the right to use another party’s (a SBITA vendor’s) IT software, alone or in combination with tangible capital assets (the underlying IT assets), as specified in the contract for a period of time in an exchange or exchange-like transaction. |
| GASB 96 Guidance |
| Provides step-by-step assistance for GASB 96 considerations and applicability. |
| GASB 96 Scope |
| Provides assistance in determining if an IT Software/ asset that is rented/leased falls within the scope of GASB Statement No. 96. |
| Present Value Calculator |
| This document provides a calculation to assist when the Cash Purchase Price is not known. |
| Current SBITA ID Numbers |
| To be used to identify current/ongoing leases in FY22 and FY23 (through 2/17/2023) that will renew in subsequent periods. SBITA ID Numbers should be used on the Purchase Requisition for SBITA renewals. |
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| TRAINING AND OTHER RESOURCES |
| GASB 96: SBITAs Webinar Recording |
| GASB 96: Understanding and Implementing the New SBITA Accounting Standard |
| Tutorial: How to Pre-Populate Requisition Questions |
| GASB Statement No. 96, Subscription Based Information Technology Arrangements - GASB Pronouncement |
| Weekly Status Call Q&A |