Events & Webinars

Government Sector Accountants: An Introduction To GASB 87 Lease Accounting

Presenters: Jason Parker

‘An Introduction to GASB 87 Lease Accounting’ will provide an initial comparison between GASB 87 and the standards that previously governed lease accounting for state and local governments. The course will provide details on certain asset types and contracts that may be scoped out of the new standard requirements. The second-half of the presentation will cover an example of implementing the new lease guidance from the perspective of both a lessee and lessor. The examples will include amortization schedules and journal entries. Lastly, we will compare disclosure requirements under the legacy and GASB 87 guidance for both lessees and lessors.

Objectives:

• Current State of Lease Accounting – the legacy GASB standards and some of the basics that change at transition to GASB 87
• Scoping Considerations – both for assets being scoped out and types of agreements
• Financial Statement Impact – An example of both a lessee and lessor lease, with an amortization schedule and JEs
• Disclosure Requirements – Both for legacy GASB and GASB 87 lessee and lessor

Sage Partner Summit

LeaseQuery will be attending the 2020 Sage Partner Summit in March. This conference, which is full of 100+ learning opportunities, 70+ exhibitors, and 10+ networking events, provides attendees with the resources and tools needed to build and grow a practice. It will also feature daily keynote sessions highlighting Sage strategy and innovation.

New York GFOA Annual Conference

LeaseQuery will be attending the NY GFOA Annual Conference in April. With over 600 government finance professionals in attendance, this conference is a great opportunity to learn, network, and inspire professional development from the 20+ sessions surrounding government finance issues.