In this video, we delve into the intricacies of GASB 96, focusing on SubscriptionBased Information Technology Arrangements (SBITAs). We provide three detailed examples to illustrate the initial and subsequent measurements of subscription liabilities and assets, helping you understand how to account for these agreements in various scenarios. Whether you're an accounting professional or a student preparing for exams, this video will give you a clear understanding of the accounting standards for SBITAs. Make sure to watch till the end for a comprehensive breakdown of each example!