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Governmental and Not-for-Profit Training Program 2019

GOV1928 - GASB Leases Part 1: Understanding Statement 87

Oct 29, 2019 10:30am ‐ Oct 29, 2019 12:10pm

Standard: $49.00


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:

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


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