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An Introduction to GASB 87

AN INTRODUCTION TO GASB 87

Cost Free
Presentation Length 1.0 hour

Recorded DateJuly 13, 2021
CPE:Not available
(archived webinars do not offer CPE credits)
Course LevelBasic
Course Description

In this webinar, LeaseQuery will discuss the background of the GASB 87 lease accounting pronouncement and provide a brief overview of the statements. We will review how to determine when you have a lease and what type of agreements are in scope. During the presentation, we will define key lease accounting terms, identify the significant dates in a contract and determine the accounting treatment of the different components of a lease. Finally, LeaseQuery's presenters will explore the discount rate options available and discuss the initial measurement of the lease liability and lease asset. 
 
Learning Objectives:


  • Summarize the basic concepts of GASB 87 

  • Identify what type of arrangements are within the scope of GASB 87

  • Determine what components and dates are required to record the initial lease liability and lease asset

Not logged
PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Rachel Reed

FinQuery
Team Lead, Technical Accounting Consultant
[email protected]
(800) 880-7270

Finquerylogo

Rachel Reed is a Lead Senior Technical Accounting Consultant at FinQuery. Rachel’s experience includes working in the audit practice at Ernst & Young (EY), where she served clients across a wide variety of industries in both the public and private sectors. Rachel graduated from the University of Mississippi (Ole Miss) with both a Bachelor’s and Master’s degree in Accounting.

About Our Presenter

Finquerylogo
FinQuery, formerly LeaseQuery, empowers 36,000+ professionals to optimize decisions in their top spending areas—leases, software subscriptions, and financial contracts—setting them apart in the market. Their award-winning AI-driven software minimizes risk, boosts efficiency, and cuts costs. Explore FinQuery’s Platform for contract and spend intelligence, including solutions for contract management, specialized accounting ensuring compliance with ASC 842, IFRS 16, GASB 87 and GASB 96, and software management.