GASB 87
FEATURED ARTICLES
All articles in this category pertain to GASB 87. GASB 87 is the latest lease accounting standard for state and local governmental organizations. It supersedes GASB 62 and GASB 13. The main difference in the new standard is about lease classification and recognition in financial statements.
Learn more about GASB 87 below.
Recent articles
Government Fund Accounting: Types of Funds, Leases under GASB 87 w/ Journal Entries
An overview of government fund accounting under GASB 87
Benefits of Lease Accounting Software for Dual-Filers
Explore the benefits of accounting software for dual-filing.
The Benefits of Early Adoption of ASC 842 and GASB 87
Learn the benefits of starting the adoption process for the new standards early.
Right-of-Use Asset (ROU Asset) and Lease Liability for ASC 842, IFRS 16, and GASB 87 Explained
Learn how to calculate the lease liability and ROU asset under ASC 842 and IFRS 16.
GASB 87 Accrued Interest Example: Calculating the Liability Amortization
How to calculate liability amortization under GASB 87.
GASB Standards Effective Soon: Leases and Subscription-Based IT Arrangements
An overview of the new GASB standards, Statement 87 and Statement 96.
