GASB Statement 87 was issued in 2017 and is effective for fiscal years beginning after June 15, 2021. This course provides an update on the proper accounting for leases from both the lessee and lessor point of view. This course will review the updated definition of a lease as well as other significant changes to terminology and current practice that governments and auditor’s will need to consider to properly implement the new standard. Discussion Leaders: Gerry Boaz and Jerry Durham
