Governments enter into leases for many types of assets. This course is designed to help you understand the core components of governmental lease accounting under GASB No. 87, Leases. You will learn the important definitions involved, the key decision points involved in applying the standard, and how to think through those decision points.
DESIGNED FOR
Governmental industry professionals and auditors
BENEFITS
- Evaluating whether a contract meets the definition of a lease
- Properly calculating the lease term
- Determinations to be made with regard to short-term leases
HIGHLIGHTS
- Skillfully prepare for the implementation of GASB No. 87
- Become comfortable with the application of GASB No. 87 in the governmental environment
COURSE LEVEL
Intermediate
PREREQUISITES
Some introductory background in governmental accounting