Lease Accounting/GASB 87
Presented by Sikich
Date and Time: April 5, 2022 at 2 p.m. EDT / 1 p.m. CDT / 12 p.m. MDT / 11 a.m. PDT/MST
Duration: 60-minute webinar
Anthony Cervini, CPA, CFE, Partner-in-Charge, Government Services, Sikich LLP
Fred Lantz, Director of Government Services, Sikich LLP
Community Colleges must comply with GASB 87 by June 30, 2021. Statement 87 establishes a single model for lease accounting based on the foundational principle that leases are financings of the right to use an underlying asset. Under this Statement, a lessee is required to recognize a lease liability and an intangible right-to-use lease asset, and a lessor is required to recognize a lease receivable and a deferred inflow of resources, thereby enhancing the relevance and consistency of information about governments’ leasing activities.
CPE Availability: 1 hour
CPE Field of Study: Accounting (Governmental) – Technical
This event is part of the 2022 CCBO Business Partner Webinar Series. You will be emailed login details after registering.