CPAR Accounting & Financial Reporting

CPAR - 2021/December, Seg. 5 - Implementing GASB No. 87: Leases

Effective for fiscal year 2022, GASB Statement No. 87, Leases, establishes a single model for lease accounting based on the principle that leases are financings of the right to use an asset. Joe Fitzgerald, senior vice president, Lease Market Strategy with Visual Lease, explains what you need to know about the new standard, how it differs from FASB's pronouncement, the implementation considerations, and what to look for when considering a software solution.

Learning Objectives:

  • Describe the new rules for lease accounting under GASB 87;
  • Recognize the differences between the FASB and GASB lease standards;
  • Describe the impact of the pandemic on leases; and
  • Recognize what to look for in lease accounting software.

Prerequisites/Advanced Preparation:

Work experience in government accounting or auditing, or an introductory course in government accounting.

Speaker / Author:

Joe Fitzgerald, Senior Vice President of Lease Market Strategy at Visual Lease.


Price (USD)

Standard: $69.90


Course Code : CPAR1548-FM

Release Date : 12/23/2021
Expire Date : 02/15/2023
Credits :
CPE 2.00
QAS 2.00

Length : 1hr 40min
Course Level : Update
Course Type : QAS Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Accounting - Governmental

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