Thank you for registering for LeaseQuery’s
2021 GASB Innovation Summit!

Click here for a quick overview of the agenda and each breakout session. 

Add the event date and times to your calendar to make sure you don’t miss out on a session.

February 23, 2021 | 11 AM ET – 3 PM ET

For any questions surrounding the event, please feel free to email us at jessica.cabrera@leasequery.com.

Agenda

Opening Session

11:00 AM - 11:30 AM ET

George Azih - LeaseQuery, CEO and Founder
Sarah O'Sullivan - LeaseQuery, Director of Product

Description - During the fireside chat, George and Sarah will cover topics and trends from recent SEC public company comment letters, and discuss how insights from these SEC reviews can benefit GASB entities in financial reporting and standard compliance.

Session 1: Key Upcoming GASB Pronouncements (LeaseQuery)

11:30 AM - 12:20 PM ET

Presenter: Jason Parker, CPA, Accounting Solutions Manager
Session Title: Key Upcoming GASB Pronouncements
Description: In this 50-minute presentation, LeaseQuery will highlight three of GASB's latest complex technical pronouncements:

  • GASB No. 83, Certain Asset Retirement Obligations
  • GASB No. 87, Leases
  • GASB No. 96, Subscription-based IT Arrangements

For each, LeaseQuery will cover the date of application (including whether GASB Statement No. 95 impacted each statement's effective date), scoping considerations, and a summary of the fundamental compliance requirements.

Objectives:

  1. Summarize GASB’s latest technical pronouncements regarding asset retirement obligations, leases, and software licenses
  2. Identify critical dates for each standard, including the effective dates
  3. Discuss the scoping considerations and how they relate to your organization when implementing the new standards 

Program level: Basic
Prerequisites: None
Advance preparation: None
Delivery method: Group Internet Based
Recommended CPE credit: 1 hour
Field of study: Accounting (Government)

Session 2: An In-Depth Look at the Implementation Process for GASB 87 (RGP)

12:25 PM - 1:15 PM ET

Presenter: Timothy Tickle, Vice President, Finance Transformation at RGP

Session Title: An In-Depth Look at the Implementation Process for GASB 87

Description: RGP will focus on challenges clients face in the adoption of GASB 87 and their approach to addressing these challenges. During this session, our presenter will provide a high level overview of implementation activities including the assessment of controls and policies, process transformation to address identified gaps, and the collection and centralization of all lease contract data. We will also highlight the external audit expectations for documentation along with the selection and development of a permanent and sustainable lease accounting system.  

Objectives

  1. Understand the challenges clients face during adoption of GASB 87 
  2. Review the full cycle of implementation activities from preliminary analysis of existing policies and controls through  establishing best practices after transition
  3. Explore how updating your current  lease accounting solution will promote a successful audit and an efficient steady state of for lease accounting after adoption  

Program level: Basic
Prerequisites: None
Advance preparation: None
Delivery method: Group Internet Based
Recommended CPE credit: 1 hour
Field of study: Accounting (Government)

Session 3: Navigating the Technical and Operational Aspects of Transitioning to GASB 87 (RSM)

1:15 PM - 2:05 PM ET

Presenters:
Bob Malinowski - Senior Director, Technical Accounting Consulting
Kirk Rogers -Partner, Assurance, Technical Accounting Consulting

Session title: Navigating the Technical and Operational Aspects of Transitioning to GASB 87

Description: GASB 87 creates a monumental change to lease accounting with influence reaching far  beyond financial reporting.  Adopting the new rules may require substantial time and effort not only upon transition, but also going forward. In this session we will highlight key technical and operational issues in connection with transitioning to and applying GASB 87.

Objectives: 

  1. Understand the substantial resources adopting GASB 87 will require and how departments outside of financial reporting will be affected
  2. Demonstrate a comprehensive example of applying the new standard as of the transition date and in the steady state
  3. Identify key technical and operational issues when transitioning over to GASB 87 

 

Program level: Basic
Prerequisites: None
Advance preparation: None
Delivery method: Group Internet Based
Recommended CPE credit: 1 hour
Field of study: Accounting (Government)

Session 4: A Comparison of the Similarities and Difference of GASB 87 and GASB 96 (Eide Bailly)

2:10 PM - 3:00 PM ET

Presenters:
Eric Berman, MSA, CPA, CGMA - Partner
Brian Stavenger, CPA – Partner

Session title: A Comparison of the Similarities and Difference of GASB 87 and GASB 96

Description: Our presenters will discuss the basic frameworks of GASB No. 87, Leases and GASB No. 96, Subscription-Based Information Technology Arrangements and how both standards utilize similar guidance.  In this 50 minute session, hear how the standards apply to state and local governments in lessee or end-user positions and the elements you need to be mindful of while implementing both standards this year and next.

Objectives: 

  1. Compare and contrast the underlying accounting treatment of leases in GASB 87 and software licenses in GASB 96  
  2. Identify the importance of each standard and how they will impact both state and local government organizations
  3. Recognize important elements of both standards to better understand the resources and information necessary for a successful implementation 

Program level: Basic
Prerequisites: None
Advance preparation: None
Delivery method: Group Internet Based
Recommended CPE credit: 1 hour
Field of study: Accounting (Government)

Summit Wrap Up

3:00 PM ET

Presenters
Jason Parker, CPA, Accounting Solutions Manager at LeaseQuery
Casey Padgett, Senior Partner Manager at LeaseQuery

CPE Details

Who Should Attend

Accounting and finance professionals whose companies manage a medium-to-high volume of leases will benefit most from this event, along with CPAs who serve clients with a similar volume of leases.

Additional information to include:

Program level: Basic
Prerequisites: None
Advance preparation: None
Delivery method: Group Internet Based
Recommended CPE credit: 4 hours
Field of study: Accounting (Government)

SPONSOR STATEMENT

LeaseQuery is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBAregistry.org.

For more information regarding administrative policies such as complaints, please contact CPEinfo@leasequery.com.

PROGRAM CANCELLATION POLICY

If a program is cancelled, LeaseQuery will notify registrants via the email address that they used to register for the program.