Content Provider
Leasequerylogo
Handout Materials
Presentation Slides
Free cpe webinars
GASB 87: A Detailed Example of Applying the New Lease Accounting Standard

GASB 87: A DETAILED EXAMPLE OF APPLYING THE NEW LEASE ACCOUNTING STANDARD

Cost Free
Presentation Length 1.5 hours

Recorded DateDecember 29, 2020
CPE:Not available
(archived webinars do not offer CPE credits)
Course LevelBasic
Course Description

In this webinar, LeaseQuery's lease accounting experts will discuss the GASB 87 lease accounting pronouncement background. Next, they will review how to determine what type of agreements are in scope. LeaseQuery will then walk through a comprehensive example of the new government lease standard in action, beginning with determining lease commencement and identifying key dates. Additional steps include calculating the lease asset and lease liability and establishing which interest rates are appropriate. Finally, LeaseQuery's presenters will end the webinar by demonstrating how to create the initial and subsequent journal entries for both lessees and lessors.

Learning Objectives:


  • Recognize the basic concepts of GASB 87, including when it will be effective and the explicit definition of a lease

  • Identify what types of contracts or arrangement are within the scope of GASB 87

  • Identify the calculations necessary to establish the opening lease account balances for both lessees and lessors

  • Determine how to construct both initial and subsequent journal entries for lessees and lessors under the new lease accounting rules

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

Jason Parker

LeaseQuery, LLC
Accounting Solutions Manager
jason.parker@leasequery.com
(678) 492-5970

Leasequerylogo

Jason Parker is an Accounting Solutions Manager at LeaseQuery. Before joining LeaseQuery, Jason worked in the audit practice at KPMG, serving clients in both the public and private sectors in various industries. Jason obtained the "Double Dawg" status at the University of Georgia, receiving a bachelor’s degree and a Master’s degree in Accounting. He is an active Certified Public Accountant and a current member of the AICPA.

Linkedin

Rachel Reed

LeaseQuery, LLC
Technical Accounting Manager
rachel.reed@leasequery.com
(800) 880-7270

Leasequerylogo

Rachel Reed is a Technical Accounting Manager at LeaseQuery. Rachel's experience includes working in the audit practice at EY, where she served clients across various industries in both the public and private sectors. Rachel graduated from the University of Mississippi (Ole Miss) with a Bachelor's degree and a Master's degree in Accounting. 

About Our Presenter

Leasequerylogo

LeaseQuery helps more than 10,000 accountants and other finance professionals eliminate lease accounting errors through its CPA-approved lease accounting software. It is the first lease accounting software built by accountants for accountants. By providing specialized consulting services in addition to its software solution, LeaseQuery facilitates compliance with the most comprehensive regulatory reform in 40 years for companies across all sectors. For more information about LeaseQuery, visit LeaseQuery.com.