GASB 87 lease accounting standard

GASB 87: Lease Implementation is here

Time for change

The GASB 87, Accounting for Leases, implementation date is finally here. This standard replaces the current accounting for leases and will require more leases to be recognized on the Statement of Net Position. Learn the details about accounting for leases from both the lessee and the lessor side as well as some implementation best practices.

What you'll learn

  • Learn to identify a lease under GASB 87
  • Learn to Identify key lease contract terms needed
  • Learn how to perform GASB 87 entries and disclosures
  • Discuss best practices in implementing GASB 87

Who should watch

  • CFOs, finance directors, and controllers
  • Accounting and purchasing personnel
  • Pension administrators and investment managers
  • Internal auditors

Additional information

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Government services

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GASB 87 refresher for the public sector

GASB 87 covers the Governmental Accounting Standards Board’s update on leases. It defines lessee and lessor protocol and narrows the definition of a lease.

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Connect with Tara

Tara Laughlin, CGFM
Vice President,
Assurance Services

Tara Laughlin, a public sector team vice president, focuses exclusively on serving governmental and not-for-profit entities. Her practice includes some of the largest local government entities in the Midwest. Tara has earned the Certified Government Finance Manager credential from the Association of Government Accountants, and is an active member of the Government Finance Officers Association. She is also a member of the American Institute of Certified Public Accountants and the Kansas Society of Certified Public Accountants. Tara earned both a bachelor’s and master’s degree in accountancy from Wichita State University.