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GASB 87, Leases: Implementation Issues and Lessons Learned (LIVESTREAM) (LIAA43/22)

Event Description

GASB Statement 87 was issued in 2017 and is effective for fiscal years beginning after June 15, 2021. This course provides an update on the proper accounting for leases from both the lessee and lessor point of view. This course will review the updated definition of a lease as well as other significant changes to terminology and current practice that governments and auditor’s will need to consider to properly implement the new standard.

Designed For

Anyone who works in the government audit or accounting would benefit from this training.  While the basics will be discussed, most of this training will be provided for those that have an intermediate level of understanding.

Objectives

Understand the complexities and implementation issues surrounding major new and proposed GASB pronouncements Understand real life instances of fraud and how they happen