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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
CPE Credits 1.0 hour
Subject Area 1.0 - Accounting - Governmental
CE Credits 0.0 hours
Course Level Basic
Instructional Method Group Internet Based
Prerequisites None
Advanced Preparation None
Course Description

In this session, LeaseQuery’s lease accounting experts will walk through a comprehensive example of the new governmental lease standard in action. A broad understanding of the new guidance is helpful, and knowledge of key terms is important. Successful implementation of the standard comes down to a proper application of the concepts. This end-to-end example will begin with lease commencement and walk through subsequent journal entries for both lessees and lessors.

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Jason Parker, CPA

FinQuery
Senior Alliance Manager
jason.parker@leasequery.com
(678) 492-5970

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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

Amanda Payne

FinQuery
Technical Accounting Manager
amanda.payne@leasequery.com
(800) 880-7270

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Amanda Payne is a Technical Accounting Manager at LeaseQuery. She began her career at Ernst & Young (EY) in assurance services working with clients in the public, private, and nonprofit sectors. There she was responsible for planning and performing audit procedures, collecting and organizing ongoing support from client management, and leading and presenting to client management and assurance teams in the Americas, India, and Egypt. Amanda earned a bachelor’s degree in Accounting with a Specialization in Professional Accounting from the University of Alabama and a master’s degree in Accounting from Troy University.

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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.