by LeaseQuery | Apr 18, 2022 | Articles, GASB, GASB 87, Government Accounting, Lease Accounting
Summary provided by MaterialAccounting: This article provides the definition of a lease under GASB 87 as well as how to create a lease inventory under the new standard. For your organization to comply with GASB 87, the new lease accounting standard, you’ll need to...
by LeaseQuery | Mar 7, 2022 | Articles, GASB, GASB 87, Government Accounting, Lease Accounting
Summary provided by MaterialAccounting.com: This article provides accounting considerations for leases under GASB 87, as well as how they become part of the statement of net position and statement of activities under GASB 34. Fund accounting in brief Government or...
by LeaseQuery | Feb 25, 2022 | Articles, ASC 842, GASB 87, IFRS 16, Lease Accounting
Summary provided by MaterialAccounting.com: This article provides an overview of lease accounting including defining lessee and lessor, updates to the accounting standards, and the benefits of a software solution. What is lease accounting? Lease accounting is the...
by LeaseQuery | Feb 11, 2022 | Articles, ASC 842, Lease Accounting
Summary provided by MaterialAccounting.com: Collecting your lease data properly is key to complying with ASC 842. This article provides guidance on conducting an inventory of your leases. There’s no way around it. In order to comply with the new lease...
by LeaseQuery | Feb 3, 2022 | Articles, GASB 13, GASB 87, GASB 96, Lease Accounting
Summary provided by MaterialAccounting.com: This article breaks down all of the government accounting standards, including GASB 87 and GASB 96. GASB explained GASB, which stands for Governmental Accounting Standards Board, is the group that sets the accounting and...
