The Governmental Accounting Standards Board has released questions and answers about the recent standard on accounting and financial reporting for leases by state and local governments. Implementation ...

GASB 87, new guidance for the accounting of lessee and lessor leases, was implemented for fiscal year 2022. Thank you to all departments who provided assistance and information in the implementation ...

GASB issued a proposed implementation guide that is designed to help state and local governments understand the board’s new standard on lease accounting. GASB Statement No. 87, Leases, was issued in ...

GASB 87, a new lease accounting standard for governmental entities, requires leases to be reported on the face of the financial statements and eliminates distinction between operating and capital ...

New lease accounting standards will dramatically affect the way governmental entities record leases on their financial statements. The Governmental Accounting Standards Board Statement Number 87(GASB ...

ST. LOUIS – State and municipal government officials can expect to receive a checklist from the Government Finance Officers Association this September on how to compile a master list of their leases.

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. Last year, the Governmental Accounting Standards Board (GASB) voted to defer the effective ...

The Governmental Accounting Standards Board is proposing a modification to its Dec. 15 effective date to give local governments more time to apply a new rule involving the treatment of leases.

GASB issued a proposed implementation guide that is designed to help state and local governments understand the board’s new standard on lease accounting. GASB Statement No. 87, Leases, was issued in ...