In this session, our accounting experts will provide an overview of GASB 87 and GASB 96. We will begin by explaining the definitions of a lease and a subscription presented in the standards and then we will examine the scoping considerations. Then we will walk through a simple subscription agreement example and show how to calculate the subscription liability and asset.
Our presenters will discuss the similarities and differences between the accounting treatments presented in each standard. Finally, we will review how these new standards apply to your government organization and factors to look for when beginning your transition.
Learning Objectives:
FinQuery
Lease Accounting Manager
[email protected]
(800) 880-7270
Jaron brings extensive auditing experience to his role as accounting manager at LeaseQuery. He has served as part of the audit staff at multiple accounting firms. He received his degree in accounting and business administration from Belmont Abbey College and is a licensed CPA.