A Call to Action: Implementing the New GASB Lease Standard - Part 2

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 second webcast to be held on Thursday, November 7, 2019, from 1:00 p.m. to 3:00 p.m. EDT, focuses on both lessee and lessor accounting, including initial recognition and measurement, subsequent accounting, and impairment. This webcast will also address various implementation considerations including allocation of the contract price to components.

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.