Accounting for Leases under the New Standard

Governmental Accounting Standards Board (GASB) Statement No. 87, Leases, will become effective for reporting periods beginning after December 15, 2019. The new lease accounting may require a great deal of advanced preparation prior to its implementation. This two-hour internet training is designed to provide participants with a solid working knowledge of the new accounting for contracts that conveys control of the right to use another entity’s nonfinancial asset(s), and ways in which to identify key contract provisions, including lease term and effective interest rate.
Interactive Internet training

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