After much anticipation, the Government Accounting Standards Board (GASB) has released the Final Implementation Guide for Lease. The objective of the implementation guide is to provide additional clarification regarding GASB 87, the new governmental accounting...
The journey toward adopting the new lease accounting standards from FASB, IASB, and GASB isn’t easy – there are numerous pitfalls that can happen along the way. While the deadline for public companies has already passed, a recent decision by FASB will likely...
Endeavor’s Impact on LeaseQuery’s Growth Last week I had the pleasure of attending the Endeavor Catalyst Investor meeting in San Francisco, CA. During my time there, I was able to attend a fireside chat led by Reid Hoffman (founder, LinkedIn), Patrick...
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...
Now that public companies have completed or are in the final stages of their lease accounting transition, we can get an idea of what the ripple effect of the new lease accounting guidance will be beyond the accounting department. One of the main factors driving the...
The international and United States lease accounting standards have been updated within the last year. The Financial Accounting and Standards Board (FASB) issued ASC 842, Leases, whereas the International Accounting Standards Board (IASB) issued IFRS (International...
