This course provides an overview of GASB Statement No. 87, Leases, and GASB Statement No. 96, Subscription-Based Information Technology Arrangements (SBITAs), with a focus on the accounting and financial reporting requirements for governmental entities. Participants will learn how to identify leases and SBITAs, measure related assets and liabilities, and apply recognition, disclosure, and reporting requirements. Through practical examples and tips on how to determine if an arrangement has been modified, attendees will gain the knowledge needed to accurately account for these arrangements and understand their impact on governmental financial statements. This training is designed for those new to governmental accounting or those who want a refresher since these standards were implemented.

CPE 1

Presenter: Max Haberkorn

Max Haberkorn is a Partner in RubinBrown’s Assurance Group and a frequent contributor to the CGFOA's educational slate. He has over 14 years of professional accounting experience. Max works with clients in various industries including but specializes in public sector entities and not-for-profit entities, especially those with federal funding/UG audits.