GASB-94, 96 and 99 for Calendar Year Governments
Author: Eric S. Berman
| CPE Credit: |
2 hours for CPAs |
Governments may have public-private or public-public partnerships, availability payment arrangements (PPPs) or subscription-based information technology arrangements (SBITAs). Both GASB-94 and GASB-96 may be pervasive for some governments and in some cases may revert to lease accounting and financial reporting. Hear a comprehensive view of the framework, taking one last look for December year ends and in preparation for year two for other year-ends.
Publication Date: March 2024
Topics Covered
- Lesson Learned (and being learned) on Year 2 of GASB-87, Leases
- GASB-94 (P3s) - One Last Look
- GASB-96 (SBITAs) - One Last Look
- GASB-99's impact on GASB-87, 94, and 96
- Policies, Procedures and Other Things to Consider While Implementing GASB-94 and 96
- Reminder on IGU 2021-1 Question 5.1
Learning Objectives
- Identify the framework for analyzing contracts that may be in scope for GASB-94 or GASB-96 as amended by GASB-99
- Identify the accounting for transferors in accordance with GASB-94, as amended
- Identify the accounting for governmental operators per GASB-94, as amended or as subscribers per GASB-96 as amended
- Identify the required note disclosure for the changes
- Identify an example of a Platform as a Service (PaaS)
Level
Overview
Instructional Method
Self-Study
NASBA Field of Study
Accounting (Governmental) (2 hours)
Program Prerequisites
None
Advance Preparation
None
