Last year, the Governmental Accounting Standards Board (GASB) voted to defer the effective date of lease accounting standard GASB 87 to give public sector entities more time to adapt to the many ...

The implementation of GASB Statements 87 and 96 has brought significant changes to how government entities report leases and subscription-based information technology arrangements. A thorough ...

New lease accounting standards will dramatically affect the way governmental entities record leases on their financial statements. The Governmental Accounting Standards Board Statement Number 87(GASB ...

To be in compliance with new lease reporting requirements in GASB 87, CU Boulder is keeping a centralized repository for all eligible lease, rental and lessor (we are the lender of the item) contracts ...

GASB 87, new guidance for the accounting of lessee and lessor leases, was implemented for fiscal year 2022. Thank you to all departments who provided assistance and information in the implementation ...

“GASB 87 is very similar to ASC 842 and IFRS 16 in a variety of ways,” said Joe Fitzgerald, senior vice president of lease market strategy at Visual Lease, a lease accounting and management software ...

Lease accounting has undergone significant changes in recent years, with new standards being introduced to improve transparency and comparability in financial reporting. Three major standard-setting ...