Pun Group and LeaseQuery: A Detailed Transition Example of GASB 87
Course Description
Join The Pun Group and LeaseQuery as we take an in-depth look at the lease accounting changes required under GASB 87.
We will begin by reviewing the standard and its essential concepts, and then explore a comprehensive example of applying the new lease accounting standard for both lessees and lessors. Our lease accounting experts will:
Finally, we will end the presentation with an example of the initial and subsequent journal entries for both lessees and lessors.
Learning Objectives
- Recognize the basic concepts of GASB 87, including the effective date and the standard’s definition of a lease
- Understand the calculations necessary to record the opening lease account balances for both lessees and lessors
- Learn how to prepare both initial and subsequent journal entries for lessees and lessors under the new lease accounting rules
Prerequisites
- None
Who Should Attend
Accounting and finance professionals from government entities who 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.
Advanced Preparation
None
Presenters

Wesley Williams
wesley.williams@leasequery.com
Wesley Williams is an Accounting Manager at LeaseQuery. Wesley has external audit experience working for KPMG in their audit practice, where he served clients across many different industries both public and private.

Kenneth Pun
Leveraging more than 21 years of public accounting experience, Ken has earned a reputation of being a trusted advisor. He has served clients in a variety of industries, including small to very large state and local governmental agencies, insurance companies, not-for-profits, healthcare, technology and manufacturing and distribution clients. His career in public accounting was spent primarily with the Regional firms and National firms.
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Date & TimeJun 28, 2022 – 1:00 PM ET |
Course Information
COST | FREE |
CREDITS | 1.00 hours |
SUBJECT AREA | Accounting (Government) |
COURSE LEVEL | Basic |
DELIVERY METHOD | Online |
Register for this webinar below.
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.