Implementation of GASB 87 will not only require governments to account for leases differently, it will also necessitate that finance staff gather information on all contracts that could be classified as leases, conduct analysis to determine how they should be reported, and perform required calculations. GFOA’s in-house experts will present some of the basics on how to decode lease terms, determine or infer discount rates, and calculate lease liabilities. GFOA will also demonstrate easy-to-use templates to assist with lease calculations and preparation of required journal entries.
Show Me the Way: A How To Guide to GASB 87
Monday, May 20, 2019 - 1:30pm to 2:20pm
Field of Study:
Auditing – Governmental