Events & Webinars
July 28th, 2020
CPE Webinar | 1PM EST
CPE Credits: 1.00
Value Add of Lease Software
Presenters: Justin Shemaria and Wesley Williams
Description: In this webinar, the LeaseQuery team will provide an overview of the key features and functionalities of lease accounting software, and how the right lease software can improve the efficiency and effectiveness of lease accounting in your organization.
Topics covered:
- Understand what functionalities are needed for compliance
- Identify features that support internal controls
- Identify features that improve lease management
July 30th, 2020
CPE Webinar | 1PM EST
CPE Credits: 1.00
GASB 87: Accounting for Lease Modifications
Presenters: Rachel Reed and Abdi Ali
Description: In this live event, LeaseQuery’s lease accounting experts will describe what triggers a lease modification and how to account for them under the new governmental lease standard, GASB 87. We will begin with a brief overview of GASB 87 and its changes from legacy lease accounting and then describe the specific accounting treatment for lease modifications. The second half of this presentation will include a comprehensive example of a lease modification within the accounting framework of GASB 87. Our example will begin with identifying the indicators of a lease modification in a realistic example and then walk through the adjusting journal entries required for both lessees and lessors.
Topics covered:
- Summarize lease accounting under GASB 87 and understand the broad changes from legacy lease accounting
- Identify common triggers of lease modifications
- Review practical examples of lease modifications and how to account for them correctly
- Understand the calculations for adjusting lessee and lessor accounts for lease modifications when they occur
- Prepare the adjusting journal entries for lease modifications for both lessees and lessors
