GASB 87 Handbook: Get Ahead of the Deadlines with the Right Approach
Many government organizations postponed their adoption of the Governmental Accounting Standards Board (GASB) Statement No. 87, Leases, with the delays that were issued last year. Now those delays are over and the standard is in effect for fiscal years that begin after June 15, 2021.
GASB 87 changes the financial reporting requirements of organizations that enter into contractual relationships that meet the definition of a lease for assets such as real estate, vehicles and equipment. It can significantly affect your organization if you have arrangements that need to be accounted for under the standard and can be especially challenging if you are a lessee and a lessor.
Download the handbook to learn:
- How GASB 87 affects your financial statements
- What are the GASB 87 requirements
- How to manage lessee and lessor requirements
- How to build the right implementation plan
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