Self-Study

What in the GASB Were They Thinking! Governments and Leases

  • Wednesday, May 1, 2024 – Wednesday, April 30, 2025

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  • 1.00
    CREDITS
    Accounting (Governmental)

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.

Objectives

  • Skillfully prepare for the implementation of GASB No. 87
  • Become comfortable with the application of GASB No. 87 in the governmental environment

Highlights

  • 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

Additional Information

Designed For

Governmental industry professionals and auditors

Vendor

Surgent

Advanced Preparation

None

Credits

1.00 Accounting (Governmental)

Prerequisite

Some introductory background in governmental accounting

Course Number

2433030

Level of Knowledge

Intermediate

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