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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
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

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

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

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Amanda Payne

LeaseQuery, LLC
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.

Frequently Asked Questions
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CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

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About Our Presenter

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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.