GOV1928. GASB Leases Part 1: Understanding Statement 87

Track: 
SLG
Field of Study: 
Accounting (Governmental)
CPE Credit: 
2.0
Knowledge Level: 
Basic
Advanced Preparation: 
None
Prerequisite: 
None

Tuesday, October 29, 2019
 
10:30AM-12:10PM

Statement 87 addressing Leases takes effect in 2020. The new guidance changes the recognition and measurement model used for reporting lease liabilities by both lessees and lessors. This session will go through the basic requirements in Statement 87 to help prepare you for implementation.

Learning Objectives:

• Recall requirements in GASB 87.
• Identify arrangements that are considered leases.
• Estimate the length of a lease for financial reporting purposes.
• Recognize factors in the measurement of lease for both lessees and lessors.


SESSION SPEAKER(S)

CPA, Cgap
Shareholder | Crawford & Associates, PC
CPA
Partner | Crowe LLP