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How to Conduct an Inventory of Your Leases under GASB 87
Learn the definition of a lease under GASB 87 and how to create a lease inventory under the new standard.
The clock is ticking for private cos. to tackle lease accounting
Private companies need to make a plan for long-term compliance with the new lease accounting standards.
Goodwill impairments surged during pandemic
This article discusses the increase in goodwill impairments during the COVID-19 pandemic.
Government accountants procrastinating on GASB leases standard
Government accountants needs to adopt the new GASB standards now to avoid scrambling in the future.
An Overview of Goodwill
What is goodwill? Goodwill is an intangible asset resulting from the purchase of an entity for more than its fair market value. The concept of goodwill is used when an entity is acquiring another entity. It is recorded when the buying price is more than the sum of the...
Government Fund Accounting: GASB 87 Leases Within GASB 34 Consolidation to ACFR
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.