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 ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. Last year, the Governmental Accounting Standards Board (GASB) voted to defer the effective ...

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, a new lease accounting standard for governmental entities, requires leases to be reported on the face of the financial statements and eliminates distinction between operating and capital ...

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 ...

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 ...

An instantaneous poll found only 4% of more than 750 online GFOA seminar participants have implemented GASB 87. Contracts that local governments enter into with vendors for IT services will soon be ...

LeaseQuery, a leading provider of purpose-built lease accounting software, today announced its program sessions for the 2021 GASB Innovation Summit (#GASBInnovationSummit). This free event takes place ...

The Governmental Accounting Standards Board released updated implementation guidance for its leases standard, which is going into effect soon, along with other accounting standards for state and local ...