Get compliant with GASB 87: a guided approach to the new lease accounting standard

The Government Accounting Standards Board (GASB) has delayed the effective date for GASB Statement No. 87, Leases (GASB 87), to fiscal years beginning after June 15, 2021. GASB 87 alters the accounting rules and financial reporting requirements for leases.

The substantial impact of GASB 87 has left many government entities and public sector organizations struggling to meet the new requirements of the standard. You may already be thinking about how you can better prepare to perform the necessary lease accounting functions required.

In this GASB 87 webinar, we provide an overview of the new accounting standard, explain what it means for your organization and offer guidance on how to prepare and be ready for implementation.

Key takeaways:                                                 

1. Overview of the adoption considerations for GASB 87
2. Lessee and lessor accounting under GASB 87
3. How to ensure a streamlined implementation
4. Preview of GASB 87 lease accounting software solution

Presenters and subject matter specialists:

Jodi Dobson, CPA, Principal
Public Sector Practice – Baker Tilly

Kevin Ayres, CPA, Manager
Consulting Services Practice – Baker Tilly