GASB Lease Accounting Transition Examples

GASB Lease Accounting Transition Examples

The new lease accounting standard for governmental organizations, GASB Statement No. 87, goes into effect for all reporting periods that begin subsequent to December 15, 2019. Just over a month ago, GASB released the final implementation guide to provide additional...
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...