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GASB Statement 87 changes the recognition and measurement model used for reporting lease liabilities (lessees) and lease receivable (lessors). This session will highlight the requirements in Statement 87.
Learning Objectives:
Indicate the reporting of a lease liability and a lease receivable in the initial year and subsequent years.
Recall the disclosures required for leases.
Distinguish the additional components of GASB 87 that may apply to some leases
