CPAR GOV - Accounting & Financial Reporting  |  Format: Flash

Accounting for Subscription-Based IT Arrangements

Course Overview
In May 2019, the Governmental Accounting Standards Board (GASB) proposed new guidance on the accounting and reporting of subscription-based information technology arrangements, which have become increasingly prevalent among state and local governments over the past several years. In this segment, Marks Paneth LLP's Warren Ruppel reviews the major elements of the Exposure Draft on subscription-based IT arrangements and tells us what GASB's primary objectives were with its release.

Learning Objectives
Upon successful completion of this segment, you should be able to:

  • Recognize what a subscription-based information technology arrangement is;
  • Identify the major elements contained within the GASB's Exposure Draft on Subscription-Based IT Arrangements;
  • Recognize why the GASB issued an implementation guide on leases; and
  • Identify the issues covered in the implementation guide on leases.

    Catalog Number: CPAR1403-FM
    CPE Credits: 2 Registry / 2 QAS
    Author: CPAR Government/Not-For-Profit
    Advanced Preparation:
    Work experience in government accounting or auditing, or an introductory course in government accounting.
    Course Level: Update
    Field of Study: Accounting - Governmental
    Content Partner: CPAR Government/Not-For-Profit
    QAS: QAS Certified based on 50 minute hours.
    Course Type: Self-Study
    Minimum Passing Grade: 70%
      You are allowed 2 attempts to pass the final exam in a 30 day period. You will be locked out of the final for 30 days after any second failure.
    Soft/Hardware Reqs.:  Adobe Acrobat® Reader for the .pdf files
     56k or Greater Internet Connection
     Modern DHTML Compatible Browser
     Ram: 256 MB minimum
     Sound card with speakers/headphones
     Windows or Mac OS
    Release/Expiration Dates: Aug 02, 2019 / Sep 09, 2021