GASB 87: A Detailed Example of Applying the New Lease Accounting Standard


Join us on Thursday, July 23rd, 2020 at 1 P.M. EDT

Join LeaseQuery on July 23rd for a one-hour session on GASB 87 as our lease accounting experts dive into the new guidance, it’s key terms, and an example on the impact of this new standard.

In this live event, LeaseQuery’s lease accounting experts, Justin Shemaria, CPA, and Amanda Payne, will walk through a comprehensive example of the new governmental lease standard in action. A broad understanding of the new guidance is helpful, and knowledge of key terms is important. Successful implementation of the standard comes down to the proper application of the concepts. This end-to-end example will begin with lease commencement and walk through subsequent journal entries for both lessees and lessors.

What you’ll learn:

  • Identify and apply lease accounting concepts (e.g. key dates, renewal options, discount rates) to a specific lease example
  • How to prepare initial transition journal entries for existing leases
  • How to prepare initial journal entries for lease payments and lease liabilities
  • How to prepare subsequent journal entries
Please fill out the form to register for the webinar:



Presenter’s Bios

Amanda Payne
Technical Accounting Manager
Amanda Payne is a Technical Accounting Manager at LeaseQuery. She began her career at Ernst & Young (EY) in assurance services working with clients in the public, private, and nonprofit sectors. There she was responsible for planning and performing audit procedures, collecting and organizing support from client management, and leading and presenting to client management and assurance teams in the Americas, India, and Egypt. Amanda earned a Bachelor’s degree in Accounting with Specialization in Professional Accounting from the University of Alabama, and a Master’s degree in Accounting from Troy University.
Justin Shemaria, CPA
Technical Accounting Manager
Justin Shemaria is a Technical Accounting Manager at LeaseQuery. Prior to joining LeaseQuery, Justin worked in the audit practice at Deloitte and also worked in financial reporting at a publicly-traded fortune 500 company. Justin received in Bachelor’s and Master’s degree in Accounting from the University of Georgia. He is an active Certified Public Accountant and is a member of the AICPA.