Learn how to determine the correct object code for SBITA purchases. Most purchases can be broken down into two groups — learn more about each group and their associated object codes.
Software (SBITA's)
For purposes of applying the General Accounting Standards Board's (GASB) Statement 96, a Subscription Based Information Technology Arrangement (SBITA) is 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.
SBITA Education and Resources
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Tracking Implementation Costs
Tracking the time spent on implementing new long term subscription software is a critical part of SBITA accounting under GASB 96. Learn more about the three stages of software implementation and view samples for tracking time spent.
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GASB 96 Quick Reference Guide
Learn more about GASB Statement No. 96, including definitions, updated object codes to use for SBITA payments, and how to handle new SBITA contracts or contract modifications.
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Software SBITA: Contract Language Samples
View samples of SBITA contract language with coding decisions.
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Frequently Asked Questions
Check out frequently asked questions and answers related to GASB Statement 96.
Questions?
If you have questions or would like more information, please contact finance@ohio.edu.