GASB 87 vs. the current guidance: Key differencesScope of the new governmental lease accounting standardStep-by-step GASB 87 example using ExcelFour more articles to help prepare for the effective dateGovernment entities have until the end of the year to implement the...
Similar to the FASB and IASB, the Governmental Accounting Standards Board released guidance updating the accounting for lease agreements. GASB No. 87, Leases, is effective for applicable governmental entities for reporting periods that begin subsequent to December 15,...
The FASB just released an important update, ASU 2019-01, that simplifies the implementation process to ASC 842. The updates are based on learning from companies that have transitioned to the new standard. Here’s what you need to know: Issue 1: Determining the Fair...
