GASB 87: A Detailed Example of Applying the New Lease Accounting Standard
Successful implementation of the new GASB 87 standard comes down to proper application of the concepts. During this webinar, our Technical Accountants will walk through a comprehensive example of the new standard – from lease commencement through subsequent journal entries for both lessees and lessors.
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Software Capitalization Rules under US GAAP and GASB
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What Is an Embedded Lease? How to Determine If You Have a Lease within a Contract
1. What is an embedded lease? A contract contains a lease when the following two criteria are met: 2. How to identify embedded leases Requirement 1: A specified asset is identified Requirement 2: Control of the identified asset is transferred to the lessee 3. How the...
