GASB 13: A Comprehensive Example

GASB 13: A Comprehensive Example

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,...
Lease Accounting Update for March 2019

Lease Accounting Update for March 2019

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...