A Call to Action: Implementing the New GASB Lease Standard - Part 3

The KPMG Government Institute, and partners and professionals of KPMG LLP (KPMG), invite you to join us for an in-depth, three-part webcast series discussing the requirements and implementation considerations for GASB Statement No. 87, Leases (GASB 87).

The third webcast to be held on Monday, November 18, 2019, from 1:00 p.m. to 3:00 p.m. EST, will cover lease remeasurements, modifications and terminations, subleases, and leasebacks, as well as the presentation and disclosure within the financial statements. This webcast will also address implementation considerations related to obtaining lease populations, abstracting key lease terms, and modifying policies, procedures and internal controls.

GASB 87 addresses the recognition, measurement, and disclosure of leases for state and local governments, and establishes a single model for lease accounting based on the principle that leases are financings of the right to use an underlying asset. The requirements of GASB 87 will be effective for fiscal years beginning on or after December 15, 2019.