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,...
GASB 87 Effective Date: 4 Articles to Help You Get Ready

GASB 87 Effective Date: 4 Articles to Help You Get Ready

Government entities have until the end of the year to implement the policies and processes needed to comply with new rules on accounting for leases. The Government Accounting Standards Board (GASB) released Statement No. 87, Leases, in June of 2017, and the new rules...