Simplified GASB 87: Government Lease Accounting

Accounting Journal Entries منتشر شده در تاریخ 1402/05/22

1.1 هزار بار بازدید - 12 ماه پیش - In this video, we dive

In this video, we dive into GASB Statement No. 87, which revolutionizes how governments handle lease accounting. GASB 87 improves financial reporting by requiring governments to recognize lease assets and liabilities for leases previously considered operating leases. We break down the key points in simple terms, from defining a lease and lease term to understanding how lessees and lessors should account for these arrangements. With a real-world example, we'll show you how GASB 87 works and its impact on government financial statements.

Topics Covered:

What is GASB 87 and Why is it Important?
Definition of a Lease and Lease Term
Lessee Accounting: Lease Liability and Lease Asset
Lessor Accounting: Lease Receivable and Deferred Inflow of Resources
Short-Term Leases and Their Treatment
Lease Modifications and Terminations
Contracts with Multiple Components
How GASB 87 Improves Financial Reporting
If you're a government accountant, auditor, or finance professional involved in governmental financial reporting, this video is a must-watch. We simplify GASB 87 for you, making complex lease accounting concepts easy to understand.

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12 ماه پیش در تاریخ 1402/05/22 منتشر شده است.

1,196 بـار بازدید شده

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