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What Does GASB 87 Do? Everything You Need to Know
Lease accounting gets increasingly complicated with each new accounting standard introduced by the Governmental Accounting Standards Board, also...
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Posts about GASB
What is the GASB 87 Effective Date?
In May 2020, the Governmental Accounting Standards Board postponed the implementation date for the new lease standard, GASB 87 to June 15, 2021. At...
Lessor vs Lessee: What’s the Difference?
Leases inherently require two parties in order to exist. One party leases their asset/assets to the other, and a lease is signed as a contractual...
GASB 87 Implementation Date—Start Preparing Today
GASB 87 is effective for fiscal years beginning after June 15, 2021, and all reporting periods thereafter—believe it or not, that’s right around the...
