Quiz | GASB 87 Lease Accounting

Quiz | GASB 87 Lease Accounting

Test your knowledge with our GASB 87 lease accounting quiz The transition to GASB 87 is sparking some of the biggest complexities and changes to lease accounting for government entities in decades. Are you prepared? Test your expertise with these 15 multiple-choice...
How to Calculate the Implicit Interest Rate for GASB 87

How to Calculate the Implicit Interest Rate for GASB 87

1. What is the implicit rate under GASB 87? Implicit Rate: Understanding GASB 87 vs ASC 842 Example of Calculating the Rate Implicit in the Lease Validating the Rate Implicit in the Lease 2. Summary 3. Related articles Under GASB Statement No. 87 Leases, the majority...